Silver Standard Resources Inc. (NASDAQ:SSRI)’s share price shot up 3.9% during mid-day trading on Thursday . The stock traded as high as $12.24 and last traded at $12.18, with a volume of 1,457,426 shares changing hands. The stock had previously closed at $11.72.

Several research firms recently issued reports on SSRI. BMO Capital Markets reissued a “hold” rating and issued a $10.00 target price on shares of Silver Standard Resources in a research report on Tuesday, May 31st. Deutsche Bank AG reissued a “hold” rating and issued a $11.50 target price (up from $8.00) on shares of Silver Standard Resources in a research report on Thursday, June 9th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Silver Standard Resources in a research report on Sunday, August 14th. Zacks Investment Research raised Silver Standard Resources from a “hold” rating to a “strong-buy” rating and set a $14.00 price target on the stock in a research report on Wednesday. Finally, Scotiabank downgraded Silver Standard Resources from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday, June 15th. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $14.00.

The company’s market cap is $1.52 billion. The firm has a 50-day moving average of $13.73 and a 200 day moving average of $9.94.

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