Silver Standard Resources Inc. (SSRI) Stock Price Down 1.4%
Silver Standard Resources Inc. (NASDAQ:SSRI) shares fell 1.4% during trading on Monday . The company traded as low as $15.09 and last traded at $15.12, with a volume of 1,237,928 shares. The stock had previously closed at $15.34.
A number of research firms have recently commented on SSRI. BMO Capital Markets restated a “hold” rating and issued a $10.00 price target on shares of Silver Standard Resources in a report on Tuesday, May 31st. Deutsche Bank AG reaffirmed a “hold” rating and issued a $11.50 price objective (up from $8.00) on shares of Silver Standard Resources in a research note on Thursday, June 9th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Silver Standard Resources in a research note on Sunday. 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. Finally, Citigroup Inc. upped their price objective on shares of Silver Standard Resources from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Friday. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $11.59.
The stock’s market capitalization is $1.22 billion. The company’s 50 day moving average is $13.82 and its 200-day moving average is $9.20.
Silver Standard Resources (NASDAQ:SSRI) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.17. On average, equities research analysts predict that Silver Standard Resources Inc. will post $0.59 EPS 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.
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