Shares of Silver Standard Resources Inc. (NASDAQ:SSRI) dropped 3.1% on Monday . The company traded as low as $14.21 and last traded at $14.30, with a volume of 1,062,168 shares changing hands. The stock had previously closed at $14.75.

SSRI has been the subject of a number of research reports. Citigroup Inc. initiated coverage on shares of Silver Standard Resources in a report on Tuesday, August 2nd. They issued a “neutral” rating and a $14.00 price target for the company. CIBC raised shares of Silver Standard Resources from a “sector perform” rating to a “sector outperform” rating in a report on Monday, June 27th. National Bank Financial downgraded shares of Silver Standard Resources from an “outperform” rating to a “sector perform” rating in a report on Wednesday, July 13th. Zacks Investment Research downgraded shares of Silver Standard Resources from a “buy” rating to a “hold” rating in a report on Thursday, June 16th. Finally, Scotiabank downgraded shares of Silver Standard Resources from a “sector outperform” rating to a “sector perform” rating in a report on Wednesday, June 15th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $11.59.

The stock has a 50 day moving average price of $14.11 and a 200 day moving average price of $9.43. The stock’s market capitalization is $1.72 billion.

Silver Standard Resources (NASDAQ:SSRI) last issued its earnings results on Wednesday, August 10th. The company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.17. On average, equities analysts expect that Silver Standard Resources Inc. will post $0.81 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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