Silver Standard Resources Inc. (SSRI) Trading Down 1.4%
Silver Standard Resources Inc. (NASDAQ:SSRI) shares were down 1.4% on Monday . The stock 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.
Several research firms have recently issued reports on SSRI. Deutsche Bank AG reiterated 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. BMO Capital Markets reiterated a “hold” rating and set a $10.00 price target on shares of Silver Standard Resources in a research note on Tuesday, May 31st. Zacks Investment Research downgraded Silver Standard Resources from a “buy” rating to a “hold” rating in a research note on Thursday, June 16th. Credit Suisse Group AG reiterated a “hold” rating on shares of Silver Standard Resources in a research note on Sunday. Finally, Citigroup Inc. upped their price target on Silver Standard Resources from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Friday, August 12th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Silver Standard Resources has a consensus rating of “Hold” and an average price target of $11.59.
The firm’s market capitalization is $1.75 billion. The firm’s 50 day moving average is $13.91 and its 200 day moving average is $9.28.
Silver Standard Resources (NASDAQ:SSRI) last released its quarterly earnings results on Wednesday, August 10th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.17. Analysts forecast that Silver Standard Resources Inc. will post $0.72 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.
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