National Bank Financial Weighs in on Silver Standard Resources Inc.’s FY2016 Earnings (SSO)
Silver Standard Resources Inc. (TSE:SSO) – Analysts at National Bank Financial dropped their FY2016 earnings estimates for Silver Standard Resources in a report issued on Wednesday. National Bank Financial analyst A. Melnyk now expects that the firm will earn $0.84 per share for the year, down from their prior forecast of $1.07. National Bank Financial has a “Sector Perform” rating and a $19.00 price target on the stock.
Other research analysts also recently issued research reports about the stock. BMO Capital Markets reissued a “market perform” rating and issued a C$16.50 target price on shares of Silver Standard Resources in a research note on Friday, August 12th. Deutsche Bank AG set a C$14.00 target price on shares of Silver Standard Resources in a research note on Wednesday, July 6th. Finally, CSFB set a C$16.00 target price on shares of Silver Standard Resources in a research note on Thursday, June 30th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of C$15.70.
Shares of Silver Standard Resources (TSE:SSO) opened at 13.78 on Monday. Silver Standard Resources has a 12 month low of $5.28 and a 12 month high of $20.48. The firm’s market cap is $1.64 billion. The stock’s 50 day moving average is $15.85 and its 200 day moving average is $14.54.
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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