Silver Standard Resources Inc. (SSRI) Stock Price Down 2.6%
Silver Standard Resources Inc. (NASDAQ:SSRI)’s share price dropped 2.6% during mid-day trading on Thursday . The company traded as low as $13.99 and last traded at $14.39, with a volume of 1,860,037 shares. The stock had previously closed at $14.77.
SSRI has been the subject of a number of research reports. Royal Bank Of Canada upped their price objective on Silver Standard Resources from $6.00 to $7.50 in a report on Tuesday, April 12th. Deutsche Bank AG reiterated a “hold” rating and issued a $11.50 price objective (up from $8.00) on shares of Silver Standard Resources in a report on Thursday, June 9th. BMO Capital Markets reiterated a “hold” rating and issued a $10.00 price objective on shares of Silver Standard Resources in a report on Tuesday, May 31st. Zacks Investment Research cut Silver Standard Resources from a “buy” rating to a “hold” rating in a report on Thursday, June 16th. Finally, National Bank Financial initiated coverage on Silver Standard Resources in a report on Wednesday, June 29th. They issued an “outperform” rating and a $17.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $9.55.
The firm’s 50 day moving average is $11.26 and its 200 day moving average is $7.47. The company’s market capitalization is $1.18 billion.
Silver Standard Resources (NASDAQ:SSRI) last issued its quarterly earnings results on Wednesday, May 11th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.13. During the same period in the previous year, the company posted $0.11 earnings per share. The business had revenue of $101.51 million for the quarter, compared to analyst estimates of $90.04 million. The business’s revenue for the quarter was down 9.1% on a year-over-year basis. On average, equities analysts predict that Silver Standard Resources Inc. will post $0.43 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 stake in shares of Silver Standard Resources Inc. (NASDAQ:SSRI) by 18.9% during the fourth quarter, Holdings Channel reports. The fund owned 564,342 shares of the company’s stock after buying an additional 89,890 shares during the period. TD Asset Management Inc. owned about 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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