Silver Standard Resources Inc. (SSRI) Hits New 52-Week High at $14.89
Silver Standard Resources Inc. (NASDAQ:SSRI) shares hit a new 52-week high during trading on Monday . The company traded as high as $14.89 and last traded at $14.84, with a volume of 1,814,945 shares trading hands. The stock had previously closed at $14.58.
A number of research analysts recently commented on the company. National Bank Financial assumed coverage on Silver Standard Resources in a research note on Wednesday, June 29th. They issued an “outperform” rating and a $17.00 target price for the company. CIBC upgraded Silver Standard Resources from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, June 27th. Zacks Investment Research lowered Silver Standard Resources from a “buy” rating to a “hold” rating in a research note on Thursday, June 16th. Scotiabank lowered Silver Standard Resources from a “sector outperform” rating to a “sector perform” rating in a research note on Wednesday, June 15th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $11.50 target price (up from $8.00) on shares of Silver Standard Resources in a research note on Thursday, June 9th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $9.55.
The company’s market capitalization is $1.16 billion. The stock has a 50-day moving average of $11.55 and a 200-day moving average of $7.63.
Silver Standard Resources (NASDAQ:SSRI) last released its quarterly earnings results on Wednesday, May 11th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.13. The firm earned $101.51 million during the quarter, compared to the consensus estimate of $90.04 million. During the same quarter last year, the firm earned $0.11 earnings per share. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. Equities research analysts anticipate that Silver Standard Resources Inc. will post $0.44 EPS 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, according to its most recent disclosure with the Securities and Exchange Commission. 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 at the end of the most recent quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.