Silver Standard Resources Inc. (TSE:SSO) – Cormark raised their Q3 2016 EPS estimates for Silver Standard Resources in a report issued on Monday. Cormark analyst G. Jennings now expects that the firm will post earnings per share of $0.28 for the quarter, up from their prior estimate of $0.26. Cormark also issued estimates for Silver Standard Resources’ Q4 2016 earnings at $0.29 EPS, FY2016 earnings at $0.94 EPS, Q1 2017 earnings at $0.37 EPS, Q2 2017 earnings at $0.24 EPS, Q3 2017 earnings at $0.24 EPS, Q4 2017 earnings at $0.24 EPS and FY2017 earnings at $1.08 EPS.

A number of other equities analysts have also recently issued reports on the stock. National Bank Financial reissued an “outperform overweight” rating on shares of Silver Standard Resources in a report on Tuesday, June 28th. Deutsche Bank AG set a C$14.00 target price on shares of Silver Standard Resources in a report on Wednesday, July 6th. BMO Capital Markets reissued a “market perform” rating and issued a C$16.50 target price on shares of Silver Standard Resources in a report on Friday, August 12th. CSFB set a C$16.00 target price on shares of Silver Standard Resources in a report on Thursday, June 30th. Finally, Royal Bank Of Canada raised their target price on shares of Silver Standard Resources from C$9.50 to C$11.50 and gave the stock a “sector perform” rating in a report on Monday, May 30th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$13.26.

Silver Standard Resources (TSE:SSO) traded up 0.62% during midday trading on Tuesday, hitting $16.31. The company had a trading volume of 162,478 shares. The stock’s market cap is $1.94 billion. Silver Standard Resources has a 12-month low of $5.28 and a 12-month high of $20.48. The company’s 50 day moving average is $17.55 and its 200 day moving average is $13.63.

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About Silver Standard Resources

Silver Standard Resources Inc is a resource company. The Company is engaged in the operation, acquisition, exploration and development of precious metal resource properties located in the Americas. The Company operates through three segments: Pirquitas mine, Marigold mine, and Exploration and evaluation properties.

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