Silver Standard Resources Lowered to “Sell” at Deutsche Bank (SSO)
Silver Standard Resources (TSE:SSO) was downgraded by research analysts at Deutsche Bank from a “hold” rating to a “sell” rating in a report released on Wednesday, AnalystRatingsNetwork.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital cut their price target on shares of Silver Standard Resources (TSE:SSO) from C$10.00 to C$9.00 in a research note to investors on Friday, August 9th. They now have a “sector perform” rating on the stock. Separately, analysts at CIBC cut their price target on shares of Silver Standard Resources (TSE:SSO) from C$12.00 to C$6.20 in a research note to investors on Wednesday, July 10th. Finally, analysts at Scotiabank downgraded shares of Silver Standard Resources (TSE:SSO) from a “sector perform” rating to a “sector underperform” rating in a research note to investors on Monday, July 8th. They now have a C$6.00 price target on the stock, down previously from C$9.00. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of C$8.70.
Silver Standard Resources (TSE:SSO) traded down 2.25% during mid-day trading on Wednesday, hitting $6.09. The stock had a trading volume of 328,647 shares. Silver Standard Resources has a 1-year low of $5.85 and a 1-year high of $16.21. The stock’s 50-day moving average is $8.54 and its 200-day moving average is $8.21. The company’s market cap is $491.8 million.
Silver Standard Resources Inc is a silver resource company. The Company’s properties are located in Argentina, Australia, Canada, Chile, Mexico, Peru and the United States.
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