Sun Valley Gold Lowers stake in Silver Standard Resources (USA) (SSRI)

Silver Standard Resources (USA) (SSRI) : Sun Valley Gold reduced its stake in Silver Standard Resources (USA) by 40.32% during the most recent quarter end. The investment management company now holds a total of 1,924,254 shares of Silver Standard Resources (USA) which is valued at $18,280,413 after selling 1,300,000 shares in Silver Standard Resources (USA) , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Silver Standard Resources (USA) makes up approximately 8.92% of Sun Valley Gold’s portfolio.

Other Hedge Funds, Including , Two Sigma Advisers Lp reduced its stake in SSRI by selling 99,288 shares or 45.8% in the most recent quarter. The Hedge Fund company now holds 117,520 shares of SSRI which is valued at $1,116,440.Geode Capital Management boosted its stake in SSRI in the latest quarter, The investment management firm added 3,982 additional shares and now holds a total of 49,978 shares of Silver Standard Resources (USA) which is valued at $543,761.Td Asset Management Inc reduced its stake in SSRI by selling 48,936 shares or 6.47% in the most recent quarter. The Hedge Fund company now holds 707,232 shares of SSRI which is valued at $8,168,530. Silver Standard Resources (USA) makes up approx 0.01% of Td Asset Management Inc’s portfolio.Shell Asset Management Co boosted its stake in SSRI in the latest quarter, The investment management firm added 2,300 additional shares and now holds a total of 11,466 shares of Silver Standard Resources (USA) which is valued at $125,667. Palo Capital sold out all of its stake in SSRI during the most recent quarter. The investment firm sold 33,716 shares of SSRI which is valued $382,002.

Silver Standard Resources (USA) opened for trading at $9.74 and hit $10.03 on the upside on Monday, eventually ending the session at $9.99, with a gain of 0.91% or 0.09 points. The heightened volatility saw the trading volume jump to 16,94,000 shares. Company has a market cap of $1,227 M.

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.

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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