Deutsche Bank Downgrades Silver Standard Resources to Sell (SSRI)
Silver Standard Resources (NASDAQ:SSRI) was downgraded by equities researchers at Deutsche Bank from a “hold” rating to a “sell” rating in a research report issued on Wednesday, TheFlyOnTheWall.com reports.
Silver Standard Resources (NASDAQ:SSRI) traded up 0.50% on Wednesday, hitting $6.07. The stock had a trading volume of 661,233 shares. Silver Standard Resources has a one year low of $5.57 and a one year high of $16.12. The stock’s 50-day moving average is $7.86 and its 200-day moving average is $7.62. The company’s market cap is $490.2 million.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Silver Standard Resources (NASDAQ:SSRI) from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 10th. They now have a $8.20 price target on the stock. Separately, 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. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Silver Standard Resources currently has a consensus rating of “Hold” and an average target price of $13.24.
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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