Silver Standard Resources Inc. (SSRI) Trading 2.5% Higher
Silver Standard Resources Inc. (NASDAQ:SSRI) shares traded up 2.5% during trading on Thursday . The stock traded as high as $13.56 and last traded at $13.39, with a volume of 1,588,962 shares traded. The stock had previously closed at $13.06.
Several research analysts have recently commented on the company. National Bank Financial lowered Silver Standard Resources from an “outperform” rating to a “sector perform” rating in a report on Wednesday, July 13th. CIBC raised Silver Standard Resources from a “sector perform” rating to a “sector outperform” rating in a report on Monday, June 27th. Zacks Investment Research lowered Silver Standard Resources from a “buy” rating to a “hold” rating in a report on Thursday, June 16th. Scotiabank lowered Silver Standard Resources from a “sector outperform” rating to a “sector perform” rating in a report on Wednesday, June 15th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $11.50 price objective (up previously from $8.00) on shares of Silver Standard Resources in a report on Thursday, June 9th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Silver Standard Resources currently has a consensus rating of “Hold” and an average price target of $9.55.
The company’s 50 day moving average is $12.35 and its 200-day moving average is $7.98. The firm’s market cap is $1.09 billion.
Silver Standard Resources (NASDAQ:SSRI) last issued its earnings results on Wednesday, May 11th. The company reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.13. During the same period last year, the firm earned $0.11 earnings per share. The firm had revenue of $101.51 million for the quarter, compared to the consensus estimate of $90.04 million. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. Equities analysts predict that Silver Standard Resources Inc. will post $0.55 EPS for the current fiscal year.
An institutional investor recently raised its position in Silver Standard Resources stock. TD Asset Management Inc. increased its stake in Silver Standard Resources Inc. (NASDAQ:SSRI) by 18.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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.