Silver Standard Resources Inc. (TSE:SSO) – Equities researchers at National Bank Financial reduced their FY2016 earnings per share estimates for shares of Silver Standard Resources in a note issued to investors on Wednesday. National Bank Financial analyst A. Melnyk now expects that the firm will post earnings per share of $0.84 for the year, down from their previous forecast of $1.07. National Bank Financial has a “Sector Perform” rating and a $19.00 price target on the stock.
Several other equities analysts have also recently weighed in on the stock. Deutsche Bank AG raised their price target on shares of Silver Standard Resources from C$14.00 to C$15.50 in a research note on Monday, October 3rd. BMO Capital Markets reaffirmed a “market perform” rating and set a C$16.50 price target on shares of Silver Standard Resources in a research note on Friday, August 12th. Finally, CSFB set a C$16.00 price target on shares of Silver Standard Resources in a research note on Thursday, June 30th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Silver Standard Resources presently has a consensus rating of “Hold” and a consensus target price of C$15.70.
Silver Standard Resources (TSE:SSO) opened at 14.50 on Monday. The company’s 50-day moving average is $15.70 and its 200 day moving average is $14.75. Silver Standard Resources has a 1-year low of $5.28 and a 1-year high of $20.48. The firm’s market capitalization is $1.73 billion.
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.
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