Silver Standard Resources Inc. (NASDAQ:SSRI) – Investment analysts at National Bank Financial issued their Q3 2016 earnings per share (EPS) estimates for shares of Silver Standard Resources in a research note issued to investors on Wednesday. National Bank Financial analyst A. Melnyk expects that the firm will post earnings per share of $0.18 for the quarter. National Bank Financial currently has a “Sector Perform” rating on the stock. National Bank Financial also issued estimates for Silver Standard Resources’ FY2016 earnings at $0.63 EPS and FY2017 earnings at $0.45 EPS.

Silver Standard Resources (NASDAQ:SSRI) last announced its earnings results on Wednesday, August 10th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.17. Silver Standard Resources had a negative net margin of 28.69% and a positive return on equity of 2.64%.

Earnings History and Estimates for Silver Standard Resources (NASDAQ:SSRI)

Other equities analysts have also issued research reports about the stock. BMO Capital Markets set a $19.00 price target on shares of Silver Standard Resources and gave the stock a “buy” rating in a report on Saturday, September 17th. Credit Suisse Group AG reissued a “hold” rating on shares of Silver Standard Resources in a report on Sunday, August 14th. Citigroup Inc. increased their price target on shares of Silver Standard Resources from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday, August 12th. Macquarie started coverage on shares of Silver Standard Resources in a report on Tuesday, September 20th. They issued an “outperform” rating on the stock. Finally, CIBC raised shares of Silver Standard Resources from a “sector perform” rating to a “sector outperform” rating in a report on Monday, June 27th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Silver Standard Resources has a consensus rating of “Buy” and an average price target of $14.00.

Shares of Silver Standard Resources (NASDAQ:SSRI) opened at 10.53 on Monday. The firm has a 50-day moving average of $11.97 and a 200 day moving average of $11.33. Silver Standard Resources has a 1-year low of $3.66 and a 1-year high of $15.84. The company’s market capitalization is $1.25 billion.

Several large investors have recently made changes to their positions in SSRI. Harbour Capital Advisors LLC purchased a new stake in shares of Silver Standard Resources during the second quarter valued at $142,000. Shell Asset Management Co. boosted its stake in shares of Silver Standard Resources by 15.1% in the second quarter. Shell Asset Management Co. now owns 9,166 shares of the company’s stock valued at $154,000 after buying an additional 1,200 shares during the last quarter. Highbridge Capital Management LLC purchased a new stake in shares of Silver Standard Resources during the second quarter valued at $156,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Silver Standard Resources during the second quarter valued at $160,000. Finally, Raymond James & Associates purchased a new stake in shares of Silver Standard Resources during the second quarter valued at $189,000. 47.54% of the stock is owned by institutional investors.

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.

5 Day Chart for NASDAQ:SSRI

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