Silver Standard Resources Receives Consensus Recommendation of “Hold” from Analysts (NASDAQ:SSRI)
Shares of Silver Standard Resources (NASDAQ:SSRI) have received an average recommendation of “Hold” from the ten brokerages that are covering the stock, American Banking News reports. Two investment analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $11.22.
Silver Standard Resources (NASDAQ:SSRI) opened at 7.68 on Tuesday. Silver Standard Resources has a 1-year low of $5.18 and a 1-year high of $12.21. The stock has a 50-day moving average of $7.96 and a 200-day moving average of $8.63. The company’s market cap is $620.2 million.
Silver Standard Resources (NASDAQ:SSRI) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.21) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.17) by $0.04. On average, analysts predict that Silver Standard Resources will post $-0.36 earnings per share for the current fiscal year.
SSRI has been the subject of a number of recent research reports. Analysts at Deutsche Bank upgraded shares of Silver Standard Resources from a “sell” rating to a “hold” rating in a research note on Monday. They now have a $8.00 price target on the stock, down previously from $9.00. Separately, analysts at RBC Capital cut their price target on shares of Silver Standard Resources from $12.00 to $11.00 in a research note on Thursday, May 22nd. Finally, analysts at TheStreet downgraded shares of Silver Standard Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, May 13th.
Silver Standard Resources Inc is a silver resource company. The Company’s properties are located in six countries in the Americas.
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