Silver Standard Resources Inc. (SSRI) Stock Price Up 3.6%
Silver Standard Resources Inc. (NASDAQ:SSRI) rose 3.6% on Tuesday . The company traded as high as $15.32 and last traded at $14.93, with a volume of 1,827,139 shares changing hands. The stock had previously closed at $14.41.
Several research analysts have weighed in on the company. BMO Capital Markets upgraded 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. CIBC upgraded Silver Standard Resources from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, June 27th. Citigroup Inc. assumed coverage on 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. Credit Suisse Group AG reiterated a “hold” rating on shares of Silver Standard Resources in a research report on Sunday, August 14th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $11.50 price objective (up previously from $8.00) on shares of Silver Standard Resources in a research report on Thursday, June 9th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $11.95.
The stock has a 50 day moving average of $14.13 and a 200-day moving average of $9.66. The company’s market cap is $1.56 billion.
Silver Standard Resources (NASDAQ:SSRI) last announced its 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. On average, equities research analysts anticipate that Silver Standard Resources Inc. will post $0.81 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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