Silver Standard Resources Lowered to “Outperform” at Zacks (SSRI)
Silver Standard Resources (NASDAQ:SSRI) was downgraded by Zacks to an “outperform” rating in a research note issued to investors on Wednesday. They currently have a $9.90 price target on the stock. Zacks‘s target price points to a potential upside of 7.26% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cowen and Company cut their price target on shares of Silver Standard Resources from $17.38 to $15.21 in a research note on Friday, August 8th. Separately, analysts at Scotiabank upgraded shares of Silver Standard Resources from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 7th. Finally, 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Silver Standard Resources has an average rating of “Hold” and an average price target of $10.75.
Shares of Silver Standard Resources (NASDAQ:SSRI) traded up 0.11% during mid-day trading on Wednesday, hitting $9.24. The stock had a trading volume of 469,039 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 $9.18 and its 200-day moving average is $9.27. The company’s market cap is $746.2 million.
Silver Standard Resources (NASDAQ:SSRI) last released its earnings data 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. Analysts expect that Silver Standard Resources will post $0.07 EPS for the current fiscal year.
Silver Standard Resources Inc is a silver resource company. The Company’s properties are located in six countries in the Americas.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.