Silver Standard Resources Inc. (SSRI) Shares Down 2.7%
Silver Standard Resources Inc. (NASDAQ:SSRI) shares were down 2.7% on Wednesday . The stock traded as low as $13.60 and last traded at $13.77, with a volume of 1,091,426 shares trading hands. The stock had previously closed at $14.15.
Several research analysts have weighed in on SSRI shares. Citigroup Inc. started coverage on shares of Silver Standard Resources in a research note on Tuesday. They issued a “neutral” rating and a $14.00 price objective on the stock. National Bank Financial started coverage on shares of Silver Standard Resources in a research note on Wednesday, June 29th. They issued an “outperform” rating and a $17.00 price objective on the stock. Scotiabank lowered shares of Silver Standard Resources from a “sector outperform” rating to a “sector perform” rating in a research note on Wednesday, June 15th. CIBC upgraded shares of Silver Standard Resources from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, June 27th. Finally, Deutsche Bank AG restated a “hold” rating and set a $11.50 price target (up previously from $8.00) on shares of Silver Standard Resources in a research note on Thursday, June 9th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $10.52.
The stock has a 50 day moving average of $13.20 and a 200-day moving average of $8.61. The stock’s market capitalization is $1.11 billion.
Silver Standard Resources (NASDAQ:SSRI) last released its quarterly earnings data on Wednesday, May 11th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.13. The firm had revenue of $101.51 million for the quarter, compared to the consensus estimate of $90.04 million. The firm’s revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 EPS. On average, analysts anticipate that Silver Standard Resources Inc. will post $0.58 earnings per share for the current 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.