Silver Standard Resources Price Target Cut to C$15.04 (SSO)
Cowen and Company decreased their price target on shares of Silver Standard Resources (TSE:SSO) from C$16.23 to C$15.04 in a research note issued on Monday, American Banking News.com reports. Cowen and Company’s price target would suggest a potential upside of 28.88% from the stock’s previous close.
Shares of Silver Standard Resources (TSE:SSO) traded up 3.26% during mid-day trading on Monday, hitting $12.05. The stock had a trading volume of 277,749 shares. Silver Standard Resources has a 52 week low of $5.38 and a 52 week high of $12.12. The stock has a 50-day moving average of $9.2 and a 200-day moving average of $7.60. The company’s market cap is $973.1 million.
Several other analysts have also recently commented on the stock. Analysts at CSFB raised their price target on shares of Silver Standard Resources from C$9.00 to C$11.00 in a research note on Monday. Separately, analysts at CIBC upgraded shares of Silver Standard Resources to a “sector outperform” rating in a research note on Friday, February 7th. Finally, analysts at Deutsche Bank upgraded shares of Silver Standard Resources to a “hold” rating in a research note on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of C$9.97.
Silver Standard Resources Inc is a silver resource company. The Company’s properties are located in six countries in the Americas.