Silver Standard Resources Inc. (SSRM) Given Average Rating of “Hold” by Brokerages

Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO) has been assigned an average recommendation of “Hold” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $14.00.

A number of analysts recently issued reports on SSRM shares. Scotiabank reissued a “sector perform” rating and issued a $15.00 target price on shares of Silver Standard Resources in a research report on Thursday, April 13th. Zacks Investment Research downgraded Silver Standard Resources from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Royal Bank Of Canada set a $13.00 price objective on Silver Standard Resources and gave the company a “hold” rating in a research note on Monday, May 8th. Credit Suisse Group reaffirmed a “neutral” rating on shares of Silver Standard Resources in a research note on Tuesday, April 18th. Finally, ValuEngine downgraded Silver Standard Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th.

Shares of Silver Standard Resources (SSRM) traded down 1.55% on Monday, hitting $10.14. The stock had a trading volume of 1,364,630 shares. The firm has a market cap of $1.21 billion, a PE ratio of 16.35 and a beta of -0.12. Silver Standard Resources has a 52-week low of $7.70 and a 52-week high of $15.84. The firm’s 50-day moving average price is $9.57 and its 200 day moving average price is $10.18.

Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) last announced its earnings results on Wednesday, August 9th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. The firm had revenue of $116.98 million during the quarter, compared to analysts’ expectations of $117.05 million. Silver Standard Resources had a return on equity of 10.89% and a net margin of 20.37%. The business’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 EPS. On average, equities research analysts predict that Silver Standard Resources will post $0.39 EPS for the current year.

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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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