Brokerage Firm Rating Update on Silver Standard Resources (SSRI)

Silver Standard Resources (SSRI) : 5 analysts are covering Silver Standard Resources (SSRI) and their average rating on the stock is 2, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Silver Standard Resources (SSRI) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Silver Standard Resources (SSRI) : 5 Wall Street analysts covering Silver Standard Resources (SSRI) believe that the average level the stock could reach for the short term is $13.27. The maximum price target given is $19 and the minimum target for short term is around $8, hence the standard deviation is calculated at $4.3.


Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, BMO Capital upgrades its rating on Silver Standard Resources (NASDAQ:SSRI).The analysts at the brokerage house have a current rating of Outperform on the shares. Earlier, the shares were rated a Market Perform by the brokerage firm. In a recent information released to the investors, BMO Capital raises the new price target from $16.5 per share to $19 per share. The rating by the firm was issued on August 23, 2016.

Silver Standard Resources (NASDAQ:SSRI): The stock opened at $13.67 and touched an intraday high of $13.68 on Wednesday. During the day, the stock corrected to an intraday low of $13.075, however, the bulls stepped in and pushed the price higher to close in the green at $13.61 with a gain of 0.15% for the day. The total traded volume for the day was 2,462,623. The stock had closed at $13.59 in the previous trading session.

Silver Standard Resources Inc. is a resource company. The Company is focused on the operation, acquisition, exploration and development of precious metal resource properties located in the Americas. The Company operates through three segments: Pirquitas mine, Marigold mine, and Exploration and evaluation properties. As of February 18, 2015, the Company had two producing mines and a portfolio of silver resource dominant projects located throughout the Americas. The Company is primarily focused on silver production from the Pirquitas mine in Argentina, and gold production from the Marigold mine in Nevada, the United States. The Companys development projects include San Lius, Peru; Pitarrilla, Mexico, and Diablillos, Argentina. Its exploration projects consist of Berenguela, Peru; Candelaria, the United States; Maverick Springs, the United States; San Marcial, Mexico; Sunrise Lake, Canada, and Parral Mining District, Mexico.

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