Silver Standard Resources Receives Consensus Rating of “Hold” from Brokerages (NASDAQ:SSRI)
Shares of Silver Standard Resources (NASDAQ:SSRI) have earned an average rating of “Hold” from the ten ratings firms that are currently covering the company, Analyst Ratings Net reports. One equities research 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. The average 12-month target price among brokers that have covered the stock in the last year is $10.75.
SSRI has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Silver Standard Resources to an “outperform” rating in a research note on Wednesday, August 27th. They now have a $9.90 price target on the stock. Separately, 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. Finally, 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.
Shares of Silver Standard Resources (NASDAQ:SSRI) traded up 1.31% on Friday, hitting $8.135. The stock had a trading volume of 341,410 shares. 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 $9.21 and a 200-day moving average of $9.24. The company’s market cap is $656.9 million.
Silver Standard Resources (NASDAQ:SSRI) last issued its quarterly 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.
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