Silver Standard Resources Inc. (SSRI) Shares Up 3.9%
Silver Standard Resources Inc. (NASDAQ:SSRI)’s share price shot up 3.9% on Monday . The stock traded as high as $13.93 and last traded at $13.86, with a volume of 902,303 shares trading hands. The stock had previously closed at $13.34.
Several brokerages have recently weighed in on SSRI. BMO Capital Markets reiterated a “hold” rating and issued a $10.00 price target on shares of Silver Standard Resources in a research report on Tuesday, May 31st. Royal Bank Of Canada lifted their price target on Silver Standard Resources from $6.00 to $7.50 in a research report on Tuesday, April 12th. Zacks Investment Research cut Silver Standard Resources from a “buy” rating to a “hold” rating in a research report on Thursday, June 16th. Deutsche Bank AG reiterated a “hold” rating and issued a $11.50 price target (up from $8.00) on shares of Silver Standard Resources in a research report on Thursday, June 9th. Finally, CIBC upgraded Silver Standard Resources from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, June 27th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $10.52.
The firm’s market capitalization is $1.10 billion. The stock’s 50 day moving average is $13.32 and its 200-day moving average is $8.68.
Silver Standard Resources (NASDAQ:SSRI) last released its quarterly earnings results on Wednesday, May 11th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.13. The firm had revenue of $101.51 million for the quarter, compared to the consensus estimate of $90.04 million. Silver Standard Resources’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 earnings per share. On average, equities research analysts expect that Silver Standard Resources Inc. will post $0.60 EPS for the current fiscal year.
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.