Zacks Investment Research Downgrades Silver Standard Resources (SSRM) to Sell
Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday.
According to Zacks, “SSR Mining Inc. is a mining company. It focused on the operation, development, exploration and acquisition of precious metal projects. The company primarily explores for gold, silver, and mineral properties. It principally serves electronics, coin fabrication, dentistry, jewelry, other industrial, technology, pharmaceuticals and solar energy markets. SSR Mining Inc, formerly known as Silver Standard Resources Inc, is based in Vancouver, Canada. “
Other research analysts also recently issued reports about the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Silver Standard Resources in a research report on Thursday, September 7th. Scotiabank raised shares of Silver Standard Resources from a “sector perform” rating to an “outperform” rating and set a $13.00 target price on the stock in a research report on Monday, September 25th. Finally, BMO Capital Markets started coverage on shares of Silver Standard Resources in a research report on Friday, November 17th. They issued an “outperform” rating and a $12.50 target price on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $12.38.
About Silver Standard Resources
SSR Mining Inc, formerly Silver Standard Resources Inc, is a Canada-based 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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