Silver Standard Resources Inc. (SSRM) Receives New Coverage from Analysts at BMO Capital Markets

BMO Capital Markets started coverage on shares of Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO) in a research note released on Friday morning. The brokerage issued an outperform rating and a $12.50 target price on the basic materials company’s stock.

SSRM has been the topic of several other reports. Zacks Investment Research raised shares of Silver Standard Resources from a hold rating to a buy rating and set a $11.00 price target on the stock in a research note on Thursday, October 19th. Scotiabank upgraded shares of Silver Standard Resources from a sector perform rating to an outperform rating and set a $13.00 price objective for the company in a research report on Monday, September 25th. Finally, Royal Bank Of Canada restated an outperform rating on shares of Silver Standard Resources in a research report on Thursday, September 7th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Silver Standard Resources presently has an average rating of Buy and an average price target of $12.38.

Silver Standard Resources (NASDAQ:SSRM) traded up $0.10 during trading hours on Friday, hitting $8.73. 1,640,000 shares of the stock traded hands, compared to its average volume of 1,030,000. The company has a current ratio of 10.42, a quick ratio of 7.96 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $1,050.00, a P/E ratio of 14.86 and a beta of -0.26. Silver Standard Resources has a 12-month low of $7.70 and a 12-month high of $12.25.

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Silver Standard Resources Company Profile

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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