National Bank Financial Weighs in on Silver Standard Resources Inc.’s FY2016 Earnings (SSO)
Silver Standard Resources Inc. (TSE:SSO) – Stock analysts at National Bank Financial dropped their FY2016 earnings per share (EPS) estimates for shares of Silver Standard Resources in a research report issued to clients and investors on Wednesday. National Bank Financial analyst A. Melnyk now expects that the brokerage will post earnings of $0.84 per share for the year, down from their previous forecast of $1.07. National Bank Financial has a “Sector Perform” rating and a $19.00 price objective on the stock.
SSO has been the topic of a number of other research reports. Deutsche Bank AG lifted their price objective on shares of Silver Standard Resources from C$14.00 to C$15.50 in a research report on Monday, October 3rd. CSFB set a C$16.00 target price on shares of Silver Standard Resources in a research report on Thursday, June 30th. Finally, BMO Capital Markets reissued a “market perform” rating and set a C$16.50 target price on shares of Silver Standard Resources in a research report on Friday, August 12th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$15.70.
Shares of Silver Standard Resources (TSE:SSO) opened at 13.78 on Monday. Silver Standard Resources has a 52 week low of $5.28 and a 52 week high of $20.48. The stock has a 50 day moving average of $15.85 and a 200-day moving average of $14.54. The stock’s market capitalization is $1.64 billion.
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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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