Silver Standard Resources Inc. (SSRI) Trading Up 3.9%
Shares of Silver Standard Resources Inc. (NASDAQ:SSRI) were up 3.9% during mid-day trading on Thursday . The stock traded as high as $12.24 and last traded at $12.18, with a volume of 1,457,426 shares traded. The stock had previously closed at $11.72.
Several analysts recently issued reports on SSRI shares. BMO Capital Markets upgraded Silver Standard Resources from a “market perform” rating to an “outperform” rating and set a $19.00 target price for the company in a research report on Tuesday, August 23rd. CIBC upgraded Silver Standard Resources from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, June 27th. Citigroup Inc. started coverage on Silver Standard Resources in a research report on Tuesday, August 2nd. They set a “neutral” rating and a $14.00 target price for the company. Credit Suisse Group AG reiterated a “hold” rating on shares of Silver Standard Resources in a research report on Sunday, August 14th. Finally, Deutsche Bank AG restated a “hold” rating and set a $11.50 price target (up previously from $8.00) on shares of Silver Standard Resources in a report on Thursday, June 9th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $12.91.
The company’s market capitalization is $1.46 billion. The stock’s 50 day moving average is $13.85 and its 200-day moving average is $9.91.
Silver Standard Resources (NASDAQ:SSRI) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.17. On average, equities research analysts predict that Silver Standard Resources Inc. will post $0.81 earnings per share 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.
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