Silver Standard Resources (NASDAQ:SSRI) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.5 by 2 Brokerage Firm. 1 stock experts have also suggested a buy rating. 1 Brokerage Firms have advised hold.
Silver Standard Resources (NASDAQ:SSRI): The mean estimate for the short term price target for Silver Standard Resources (NASDAQ:SSRI) stands at $9.07 according to 2 Analysts. The higher price target estimate for the stock has been calculated at $10 while the lower price target estimate is at $8.
Silver Standard Resources (NASDAQ:SSRI) witnessed a decline in the market cap on Tuesday as its shares dropped 2.16% or 0.25 points. After the session commenced at $11.37, the stock reached the higher end at $11.53 while it hit a low of $11.15. With the volume soaring to 1,593,931 shares, the last trade was called at $11.32. The company has a 52-week high of $12.04. The company has a market cap of $917 million and there are 80,999,616 shares in outstanding. The 52-week low of the share price is $3.659.
Silver Standard Resources Inc. has dropped 1.14% in the last five trading days, however, the shares have posted positive gains of 17.06% in the last 4 weeks. Silver Standard Resources Inc. is up 101.07% in the last 3-month period. Year-to-Date the stock performance stands at 118.53%.
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.