Silver Standard Resources Inc. (NASDAQ:SSRI) shares were down 4% on Tuesday . The stock traded as low as $12.24 and last traded at $12.38, with a volume of 1,465,751 shares. The stock had previously closed at $12.90.

Several research analysts have weighed in on SSRI shares. BMO Capital Markets upgraded Silver Standard Resources from a “market perform” rating to an “outperform” rating and set a $19.00 target price on the stock in a report on Tuesday, August 23rd. CIBC upgraded Silver Standard Resources from a “sector perform” rating to a “sector outperform” rating in a report on Monday, June 27th. Citigroup Inc. started coverage on Silver Standard Resources in a report on Tuesday, August 2nd. They set a “neutral” rating and a $14.00 target price on the stock. Credit Suisse Group AG reiterated a “hold” rating on shares of Silver Standard Resources in a report on Sunday, August 14th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $11.50 target price (up from $8.00) on shares of Silver Standard Resources in a report on Thursday, June 9th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $11.95.

The company’s market cap is $1.43 billion. The stock’s 50 day moving average price is $14.00 and its 200-day moving average price is $9.85.

Silver Standard Resources (NASDAQ:SSRI) last posted its quarterly earnings data on Wednesday, August 10th. The company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.17. On average, analysts expect 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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