Silver Standard Resources Inc. (SSO) Given Consensus Rating of “Hold” by Analysts
Silver Standard Resources Inc. (TSE:SSO) (NASDAQ:SSRI) has earned a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$15.61.
A number of research analysts recently commented on the company. BMO Capital Markets reissued an “outperform” rating and issued a C$14.00 price target on shares of Silver Standard Resources in a report on Tuesday, April 4th. Royal Bank Of Canada cut their price objective on Silver Standard Resources to C$17.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 4th. CSFB restated a “neutral” rating and set a C$16.00 price objective on shares of Silver Standard Resources in a research note on Thursday, April 13th. Finally, Scotiabank restated a “sector perform” rating and set a C$10.75 price objective on shares of Silver Standard Resources in a research note on Friday, February 24th.
Shares of Silver Standard Resources (TSE:SSO) traded up 1.40% during midday trading on Monday, hitting $12.31. The stock had a trading volume of 124,679 shares. The company has a market cap of $1.47 billion and a P/E ratio of 18.32. The stock has a 50 day moving average of $13.17 and a 200-day moving average of $13.56. Silver Standard Resources has a one year low of $10.32 and a one year high of $20.48.
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In other Silver Standard Resources news, insider Kelly Elizabet Stark-Anderson sold 16,667 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of C$13.66, for a total transaction of C$227,671.22.
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’s segments include Pirquitas mine, Marigold mine, Seabee Gold Operation, and Exploration and evaluation properties.
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