Silver Standard Resources Hits New 52-Week Low at $5.18 (SSRI)
Shares of Silver Standard Resources (NASDAQ:SSRI) hit a new 52-week low during trading on Wednesday, StockRatingsNetwork reports. The stock traded as low as $5.18 and last traded at $5.44, with a volume of 2,061,422 shares trading hands. The stock had previously closed at $5.60.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank downgraded shares of Silver Standard Resources from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, October 2nd. They now have a $4.50 price target on the stock, down previously from $7.00. Separately, analysts at Zacks upgraded shares of Silver Standard Resources 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. Finally, analysts at TheStreet downgraded shares of Silver Standard Resources from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, August 14th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Silver Standard Resources currently has an average rating of “Hold” and a consensus target price of $11.78.
Silver Standard Resources has a 52-week low of $5.57 and a 52-week high of $15.67. The stock has a 50-day moving average of $7.39 and a 200-day moving average of $7.45. The company’s market cap is $433.6 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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