Deutsche Bank AG Boosts Silver Standard Resources Inc. (SSO) Price Target to C$15.50
Silver Standard Resources Inc. (TSE:SSO) had its price objective increased by analysts at Deutsche Bank AG from C$14.00 to C$15.50 in a research report issued on Monday. Deutsche Bank AG’s price objective would indicate a potential downside of 1.96% from the stock’s previous close.
SSO has been the subject of several other research reports. CSFB set a C$16.00 price target on Silver Standard Resources in a research note on Thursday, June 30th. BMO Capital Markets reaffirmed a “market perform” rating and set a C$16.50 price target on shares of Silver Standard Resources in a research note on Friday, August 12th. Finally, National Bank Financial downgraded Silver Standard Resources from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from C$17.00 to C$19.00 in a research note on Wednesday, July 13th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of C$14.22.
Shares of Silver Standard Resources (TSE:SSO) traded down 3.04% on Monday, reaching $15.33. 202,015 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $17.12 and its 200-day moving average price is $14.10. The stock’s market capitalization is $1.83 billion. Silver Standard Resources has a 52 week low of $5.28 and a 52 week high of $20.48.
About Silver Standard Resources
Silver Standard Resources Inc is a resource company. The Company is engaged in 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.
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