SSRI has been the subject of a number of other research reports. BMO Capital Markets reissued a market perform rating and set a $16.50 price objective on shares of Silver Standard Resources in a research report on Friday, August 12th. Macquarie assumed coverage on Silver Standard Resources in a research report on Tuesday, September 20th. They set an outperform rating for the company. CIBC raised Silver Standard Resources from a sector perform rating to a sector outperform rating in a research report on Monday, June 27th. National Bank Financial cut Silver Standard Resources from an outperform rating to a sector perform rating in a research report on Wednesday, July 13th. Finally, Credit Suisse Group AG reissued a hold rating on shares of Silver Standard Resources in a research report on Sunday, August 14th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $14.00.
Shares of Silver Standard Resources (NASDAQ:SSRI) traded up 1.567% during midday trading on Monday, reaching $10.695. The company’s stock had a trading volume of 319,410 shares. The stock’s 50-day moving average is $11.97 and its 200 day moving average is $11.33. The stock’s market capitalization is $1.27 billion. Silver Standard Resources has a 12 month low of $3.66 and a 12 month high of $15.84.
Silver Standard Resources (NASDAQ:SSRI) last released its quarterly earnings data on Wednesday, August 10th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.17. Silver Standard Resources had a positive return on equity of 2.64% and a negative net margin of 28.69%. On average, analysts expect that Silver Standard Resources will post $0.87 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of the company. Shell Asset Management Co. boosted its position in Silver Standard Resources by 15.1% in the second quarter. Shell Asset Management Co. now owns 9,166 shares of the company’s stock valued at $154,000 after buying an additional 1,200 shares in the last quarter. Harbour Capital Advisors LLC acquired a new position in Silver Standard Resources during the second quarter valued at $142,000. CIBC Asset Management Inc boosted its position in Silver Standard Resources by 28.6% in the second quarter. CIBC Asset Management Inc now owns 53,120 shares of the company’s stock valued at $685,000 after buying an additional 11,813 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in Silver Standard Resources during the second quarter valued at $156,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in Silver Standard Resources during the second quarter valued at $160,000. 47.54% of the stock is owned by institutional investors and hedge funds.
Silver Standard Resources Company Profile
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.
Receive News & Ratings for Silver Standard Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silver Standard Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.