Silver Standard Resources Inc. (SSRI) Earns “Neutral” Rating from Citigroup Inc.
Silver Standard Resources Inc. (NASDAQ:SSRI)‘s stock had its “neutral” rating reaffirmed by research analysts at Citigroup Inc. in a research note issued on Monday.
Several other equities research analysts have also commented on the stock. Macquarie initiated coverage on shares of Silver Standard Resources in a report on Tuesday, September 20th. They issued an “outperform” rating on the stock. BMO Capital Markets set a $19.00 target price on shares of Silver Standard Resources and gave the stock a “buy” rating in a research note on Saturday, September 17th. Zacks Investment Research raised shares of Silver Standard Resources from a “hold” rating to a “strong-buy” rating and set a $14.00 target price on the stock in a research note on Wednesday, August 31st. Credit Suisse Group AG reissued a “hold” rating on shares of Silver Standard Resources in a research note on Sunday, August 14th. Finally, National Bank Financial lowered shares of Silver Standard Resources from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, July 13th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $14.00.
Silver Standard Resources (NASDAQ:SSRI) traded up 0.57% on Monday, reaching $10.54. The company had a trading volume of 386,661 shares. The firm’s market capitalization is $1.25 billion. The company’s 50-day moving average price is $12.04 and its 200 day moving average price is $11.22. Silver Standard Resources has a 1-year low of $3.66 and a 1-year high of $15.84.
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Silver Standard Resources (NASDAQ:SSRI) last posted its quarterly earnings results on Wednesday, August 10th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.08 by $0.17. Silver Standard Resources had a negative net margin of 28.69% and a positive return on equity of 2.64%. On average, equities analysts forecast that Silver Standard Resources will post $0.87 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SSRI. Creative Planning increased its position in Silver Standard Resources by 6,451.1% in the third quarter. Creative Planning now owns 52,409 shares of the company’s stock valued at $632,000 after buying an additional 51,609 shares during the period. Harbour Capital Advisors LLC bought a new position in Silver Standard Resources during the second quarter valued at $142,000. Hillsdale Investment Management Inc. bought a new position in Silver Standard Resources during the second quarter valued at $1,906,000. Fiera Capital Corp bought a new position in Silver Standard Resources during the second quarter valued at $689,000. Finally, Highbridge Capital Management LLC bought a new position in Silver Standard Resources during the second quarter valued at $156,000. Hedge funds and other institutional investors own 47.54% of the company’s stock.
Silver Standard Resources Company Profile
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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