Silver Standard Resources Inc. (SSRI) Shares Up 3.9%
Silver Standard Resources Inc. (NASDAQ:SSRI) 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 traded. The stock had previously closed at $13.34.
Several research firms recently weighed in on SSRI. BMO Capital Markets restated a “hold” rating and issued a $10.00 target price on shares of Silver Standard Resources in a report on Tuesday, May 31st. Royal Bank Of Canada boosted their target price on Silver Standard Resources from $6.00 to $7.50 in a report on Tuesday, April 12th. Zacks Investment Research lowered Silver Standard Resources from a “buy” rating to a “hold” rating in a report on Thursday, June 16th. Deutsche Bank AG reiterated a “hold” rating and set a $11.50 price target (up from $8.00) on shares of Silver Standard Resources in a report on Thursday, June 9th. Finally, CIBC upgraded Silver Standard Resources from a “sector perform” rating to a “sector outperform” rating in a report on Monday, June 27th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $10.52.
The stock’s 50 day moving average price is $13.44 and its 200-day moving average price is $8.89. The stock’s market cap is $1.14 billion.
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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