Silver Standard Resources Inc. (SSRI) Trading Up 3.6%
Silver Standard Resources Inc. (NASDAQ:SSRI)’s share price was up 3.6% on Tuesday . The stock traded as high as $15.32 and last traded at $14.93, with a volume of 1,827,139 shares trading hands. The stock had previously closed at $14.41.
Several equities analysts recently weighed in on SSRI shares. BMO Capital Markets raised shares of Silver Standard Resources from a “market perform” rating to an “outperform” rating and set a $19.00 price objective on the stock in a research report on Tuesday. Citigroup Inc. started coverage on shares of Silver Standard Resources in a research report on Tuesday, August 2nd. They set a “neutral” rating and a $14.00 price objective on the stock. CIBC raised shares of Silver Standard Resources from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, June 27th. National Bank Financial lowered shares of Silver Standard Resources from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, July 13th. Finally, Zacks Investment Research lowered shares of Silver Standard Resources from a “buy” rating to a “hold” rating in a research report on Thursday, June 16th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $11.95.
The company’s 50-day moving average price is $14.13 and its 200-day moving average price is $9.57. The stock’s market cap is $1.74 billion.
Silver Standard Resources (NASDAQ:SSRI) last announced 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 forecast that Silver Standard Resources Inc. will post $0.81 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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