Silver Standard Resources Upgraded to “Neutral” at Zacks (SSRI)
Silver Standard Resources (NASDAQ:SSRI) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Tuesday, AR Network reports. The firm currently has a $8.20 target price on the stock. Zacks‘ price target indicates a potential upside of 2.50% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at TheStreet downgraded shares of Silver Standard Resources (NASDAQ:SSRI) from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, August 14th. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Silver Standard Resources (NASDAQ:SSRI) in a research note to investors on Monday, August 12th. They now have a $8.00 price target on the stock, up previously from $7.00. Finally, analysts at Scotiabank downgraded shares of Silver Standard Resources (NASDAQ:SSRI) to an “underperform” rating in a research note to investors on Monday, July 8th.
Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $14.37.
Silver Standard Resources (NASDAQ:SSRI) traded down 4.75% during mid-day trading on Tuesday, hitting $7.62. The stock had a trading volume of 1,127,272 shares. Silver Standard Resources has a one year low of $5.57 and a one year high of $16.92. The stock has a 50-day moving average of $8.21 and a 200-day moving average of $8.02. The company’s market cap is $615.3 million.
Silver Standard Resources Inc is a silver resource company that assembled a portfolio of silver-dominant projects located in seven countries in the Americas and Australia.
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