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Silver Standard Resources (NASDAQ:SSRI) was upgraded by investment analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports.

Shares of Silver Standard Resources (NASDAQ:SSRI) traded down 3.37% during mid-day trading on Monday, hitting $8.88. 1,169,790 shares of the company’s stock traded hands. Silver Standard Resources has a 52-week low of $5.18 and a 52-week high of $12.21. The stock’s 50-day moving average is $7.86 and its 200-day moving average is $8.95. The company’s market cap is $717.1 million.

Silver Standard Resources (NASDAQ:SSRI) last posted its quarterly earnings results 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. Analysts expect that Silver Standard Resources will post $-0.35 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on SSRI. Analysts at RBC Capital cut their price target on shares of Silver Standard Resources from $11.00 to $10.00 in a research note on Wednesday, July 9th. Separately, analysts at Deutsche Bank upgraded shares of Silver Standard Resources from a “sell” rating to a “hold” rating in a research note on Monday, June 16th. They now have a $8.00 price target on the stock, down previously from $9.00. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Silver Standard Resources has an average rating of “Hold” and a consensus price target of $10.84.

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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