Cormark Analysts Increase Earnings Estimates for Silver Standard Resources Inc. (SSO)
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.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/cormark-analysts-increase-earnings-estimates-for-silver-standard-resources-inc-sso.html
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.
Receive News & Ratings for Silver Standard Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silver Standard Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.