Royal Bank Of Canada Upgrades Silver Standard Resources Inc. (SSO) to Outperform
Silver Standard Resources Inc. (TSE:SSO) (NASDAQ:SSRI) was upgraded by Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating in a research report issued on Thursday, StockTargetPrices.com reports. The firm presently has a C$17.00 target price on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 29.47% from the company’s previous close.
A number of other analysts have also commented on the company. Deutsche Bank AG decreased their target price on Silver Standard Resources from C$14.50 to C$14.00 in a research report on Friday, June 23rd. CSFB reaffirmed a “neutral” rating and issued a C$16.00 target price on shares of Silver Standard Resources in a research report on Thursday, April 13th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a C$14.00 target price on shares of Silver Standard Resources in a research report on Tuesday, April 4th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Silver Standard Resources has an average rating of “Buy” and an average price target of C$15.54.
Silver Standard Resources (TSE SSO) traded down 3.96% on Thursday, hitting $12.61. The company had a trading volume of 614,910 shares. The company has a market capitalization of $1.51 billion and a P/E ratio of 18.76. The stock’s 50-day moving average price is $13.07 and its 200 day moving average price is $13.55. 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 business’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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