Silver Standard Resources Inc. (SSRI) Shares Gap Up to $14.12
Silver Standard Resources Inc. (NASDAQ:SSRI) gapped up prior to trading on Tuesday . The stock had previously closed at $14.02, but opened at $14.12. Silver Standard Resources shares last traded at $14.25, with a volume of 1,106,473 shares.
Several research firms have recently commented on SSRI. Citigroup Inc. began coverage on Silver Standard Resources in a research note on Tuesday. They issued a “neutral” rating and a $14.00 price objective for the company. Scotiabank lowered Silver Standard Resources from a “sector outperform” rating to a “sector perform” rating in a research note on Wednesday, June 15th. National Bank Financial lowered Silver Standard Resources from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, July 13th. Zacks Investment Research lowered Silver Standard Resources from a “buy” rating to a “hold” rating in a research note on Thursday, June 16th. Finally, BMO Capital Markets restated a “hold” rating and issued a $10.00 price objective on shares of Silver Standard Resources in a research note on Tuesday, May 31st. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Silver Standard Resources has an average rating of “Hold” and a consensus price target of $10.52.
The firm’s market capitalization is $1.15 billion. The stock has a 50 day moving average price of $13.13 and a 200 day moving average price of $8.57.
Silver Standard Resources (NASDAQ:SSRI) last posted its earnings results on Wednesday, May 11th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.13. During the same quarter in the prior year, the firm earned $0.11 earnings per share. The business had revenue of $101.51 million for the quarter, compared to analyst estimates of $90.04 million. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. Equities research analysts expect that Silver Standard Resources Inc. will post $0.58 earnings per share for the current fiscal year.
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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