Silver Standard Resources Price Target Cut to $15.21 by Analysts at Cowen and Company (SSRI)
Equities research analysts at Cowen and Company decreased their price target on shares of Silver Standard Resources (NASDAQ:SSRI) from $17.38 to $15.21 in a research note issued to investors on Friday. Cowen and Company’s target price would suggest a potential upside of 60.44% from the stock’s previous close.
Shares of Silver Standard Resources (NASDAQ:SSRI) traded up 1.83% on Friday, hitting $9.48. The stock had a trading volume of 1,756,143 shares. Silver Standard Resources has a one year low of $5.18 and a one year high of $12.21. The stock’s 50-day moving average is $8.87 and its 200-day moving average is $9.14. The company’s market cap is $765.5 million.
Silver Standard Resources (NASDAQ:SSRI) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.09) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.18 by $0.27. The company had revenue of $64.29 million for the quarter, compared to the consensus estimate of $43.37 million. During the same quarter last year, the company posted ($2.92) earnings per share. Silver Standard Resources’s revenue was up 96.9% compared to the same quarter last year. On average, analysts predict that Silver Standard Resources will post $-0.52 earnings per share for the current fiscal year.
A number of other firms have also recently commented on SSRI. Analysts at Scotiabank upgraded shares of Silver Standard Resources from an “underperform” rating to a “sector perform” rating in a research note on Thursday. Separately, analysts at BMO Capital Markets upgraded shares of Silver Standard Resources from a “market perform” rating to an “outperform” rating in a research note on Monday, July 14th. They now have a $12.50 price target on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $10.89.
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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