Silver Standard Resources Inc. (SSRI) Stock Rating Reaffirmed by Citigroup Inc.
Silver Standard Resources Inc. (NASDAQ:SSRI)‘s stock had its “neutral” rating restated by analysts at Citigroup Inc. in a note issued to investors on Monday.
Other equities analysts also recently issued reports about the company. BMO Capital Markets set a $19.00 target price on Silver Standard Resources and gave the company a “buy” rating in a research report on Saturday, September 17th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Silver Standard Resources in a research report on Sunday, August 14th. Macquarie began coverage on Silver Standard Resources in a research note on Tuesday, September 20th. They issued an “outperform” rating for the company. National Bank Financial began coverage on Silver Standard Resources in a research note on Wednesday, June 29th. They issued an “outperform” rating and a $17.00 price objective for the company. Finally, CIBC upgraded Silver Standard Resources from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, June 27th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Silver Standard Resources presently has an average rating of “Hold” and a consensus price target of $14.00.
Silver Standard Resources (NASDAQ:SSRI) opened at 11.05 on Monday. Silver Standard Resources has a one year low of $3.66 and a one year high of $15.84. The company has a 50-day moving average of $11.92 and a 200 day moving average of $11.37. The firm’s market cap is $1.32 billion.
Silver Standard Resources (NASDAQ:SSRI) last released its earnings results on Wednesday, August 10th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.17. Silver Standard Resources had a positive return on equity of 2.64% and a negative net margin of 28.69%. Equities research analysts expect that Silver Standard Resources will post $0.87 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the company. CIBC World Markets Inc. boosted its stake in Silver Standard Resources by 319.0% in the second quarter. CIBC World Markets Inc. now owns 79,624 shares of the company’s stock valued at $1,034,000 after buying an additional 60,621 shares during the last quarter. Palo Capital Inc. acquired a new stake in Silver Standard Resources during the second quarter valued at $438,000. GWM Advisors LLC acquired a new stake in Silver Standard Resources during the second quarter valued at $558,000. Sun Valley Gold LLC boosted its stake in Silver Standard Resources by 104.3% in the first quarter. Sun Valley Gold LLC now owns 3,890,287 shares of the company’s stock valued at $21,591,000 after buying an additional 1,986,400 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Silver Standard Resources by 66.4% in the first quarter. Renaissance Technologies LLC now owns 3,517,956 shares of the company’s stock valued at $19,525,000 after buying an additional 1,403,656 shares during the last quarter. Hedge funds and other institutional investors own 47.54% of the company’s stock.
Silver Standard Resources Company Profile
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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