Global X Management Co buys $21,244,734 stake in Silver Standard Resources (USA) (SSRI)

Silver Standard Resources (USA) (SSRI) : Global X Management Co scooped up 180,866 additional shares in Silver Standard Resources (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 1,376,846 shares of Silver Standard Resources (USA) which is valued at $21,244,734.Silver Standard Resources (USA) makes up approximately 1.02% of Global X Management Co’s portfolio.

Other Hedge Funds, Including , Acrospire Investment Management reduced its stake in SSRI by selling 200 shares or 12.5% in the most recent quarter. The Hedge Fund company now holds 1,400 shares of SSRI which is valued at $18,970. Silver Standard Resources (USA) makes up approx 0.01% of Acrospire Investment Management’s portfolio. Quantitative Investment Management sold out all of its stake in SSRI during the most recent quarter. The investment firm sold 62,700 shares of SSRI which is valued $861,498.Cibc Asset Management Inc boosted its stake in SSRI in the latest quarter, The investment management firm added 11,813 additional shares and now holds a total of 53,120 shares of Silver Standard Resources (USA) which is valued at $729,869. Silver Standard Resources (USA) makes up approx 0.01% of Cibc Asset Management Inc’s portfolio. Simplex Trading sold out all of its stake in SSRI during the most recent quarter. The investment firm sold 2,736 shares of SSRI which is valued $35,732. Gwm Advisors added SSRI to its portfolio by purchasing 43,000 company shares during the most recent quarter which is valued at $615,760. Silver Standard Resources (USA) makes up approx 0.25% of Gwm Advisors’s portfolio.

Silver Standard Resources (USA) closed down -0.37 points or -2.45% at $14.76 with 32,54,730 shares getting traded on Wednesday. Post opening the session at $14.97, the shares hit an intraday low of $14.23 and an intraday high of $14.97 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Silver Standard Resources (USA) reported $-0.13 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Nov 5, 2015. Analyst had a consensus of $-0.10. The company had revenue of $77.20 million for the quarter, compared to analysts expectations of $107.25 million. The company’s revenue was down -2.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.18 EPS.

Many Wall Street Analysts have commented on Silver Standard Resources (USA). Citigroup Initiated Silver Standard Resources (USA) on Aug 2, 2016 to “Neutral”, Price Target of the shares are set at $14.Silver Standard Resources (USA) was Downgraded by National Bank Financial to ” Sector Perform” on Jul 13, 2016. Silver Standard Resources (USA) was Upgraded by CIBC to ” Sector Outperform” on Jun 27, 2016.

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 Company’s 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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