Silver Standard Resources Inc. (SSRI) Hits New 52-Week High at $13.83
Silver Standard Resources Inc. (NASDAQ:SSRI) reached a new 52-week high during trading on Tuesday . The company traded as high as $13.83 and last traded at $13.51, with a volume of 1,914,196 shares. The stock had previously closed at $13.58.
A number of research firms have recently commented on SSRI. Zacks Investment Research cut Silver Standard Resources from a “buy” rating to a “hold” rating in a research note on Thursday, June 16th. Scotiabank cut Silver Standard Resources from a “sector outperform” rating to a “sector perform” rating in a research note on Wednesday, June 15th. National Bank Financial began coverage on Silver Standard Resources in a research note on Wednesday, June 29th. They set an “outperform” rating and a $17.00 target price on the stock. BMO Capital Markets reiterated a “hold” rating and set a $10.00 target price on shares of Silver Standard Resources in a research note on Tuesday, May 31st. 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 research note on Thursday, June 9th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Silver Standard Resources currently has a consensus rating of “Hold” and a consensus target price of $9.55.
The firm’s 50-day moving average price is $10.97 and its 200-day moving average price is $7.35. The company’s market capitalization is $1.20 billion.
Silver Standard Resources (NASDAQ:SSRI) last released its earnings results on Wednesday, May 11th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.13. The company earned $101.51 million during the quarter, compared to analysts’ expectations of $90.04 million. The company’s revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 earnings per share. On average, equities research analysts expect that Silver Standard Resources Inc. will post $0.39 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Silver Standard Resources stock. TD Asset Management Inc. boosted its position in shares of Silver Standard Resources Inc. (NASDAQ:SSRI) by 18.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 564,342 shares of the company’s stock after buying an additional 89,890 shares during the period. TD Asset Management Inc. owned approximately 0.70% of Silver Standard Resources worth $2,909,000 as of its most recent filing with the SEC.
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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