Silver Standard Resources Inc. (SSRI) Trading Down 2%
Shares of Silver Standard Resources Inc. (NASDAQ:SSRI) were down 2% on Friday . The stock traded as low as $13.00 and last traded at $13.19, with a volume of 822,653 shares trading hands. The stock had previously closed at $13.46.
Several analysts recently weighed in on SSRI shares. National Bank Financial started coverage on Silver Standard Resources in a report on Wednesday, June 29th. They issued an “outperform” rating and a $17.00 price objective for the company. Scotiabank lowered Silver Standard Resources from a “sector outperform” rating to a “sector perform” rating in a report on Wednesday, June 15th. CIBC raised Silver Standard Resources from a “sector perform” rating to a “sector outperform” rating in a report on Monday, June 27th. Deutsche Bank AG reissued a “hold” rating and issued a $11.50 price objective (up from $8.00) on shares of Silver Standard Resources in a report on Thursday, June 9th. Finally, Zacks Investment Research lowered Silver Standard Resources from a “buy” rating to a “hold” rating in a report on Thursday, June 16th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.55.
The company’s market capitalization is $1.07 billion. The company’s 50-day moving average price is $12.59 and its 200 day moving average price is $8.08.
Silver Standard Resources (NASDAQ:SSRI) last issued its quarterly earnings data on Wednesday, May 11th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.13. The business earned $101.51 million during the quarter, compared to the consensus estimate of $90.04 million. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.11 earnings per share. Analysts predict that Silver Standard Resources Inc. will post $0.55 EPS for the current year.
An institutional investor recently raised its position in Silver Standard Resources stock. TD Asset Management Inc. boosted its position in shares of Silver Standard Resources Inc. (NASDAQ:SSRI) by 18.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 564,342 shares of the company’s stock after buying an additional 89,890 shares during the period. TD Asset Management Inc. owned approximately 0.70% of Silver Standard Resources worth $2,909,000 at the end of the most recent reporting period.
Silver Standard Resources Inc is a resource company. The Company is engaged in the operation, acquisition, exploration and development of precious metal resource properties located in the Americas. The Company operates through three segments: Pirquitas mine, Marigold mine, and Exploration and evaluation properties.
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