Silver Standard Resources Inc. (NASDAQ:SSRI)‘s stock had its “neutral” rating reaffirmed by stock analysts at Citigroup Inc. in a report issued on Monday.

A number of other analysts have also weighed in on SSRI. BMO Capital Markets set a $19.00 price objective on shares of Silver Standard Resources and gave the stock a “buy” rating in a research note on Saturday, September 17th. Zacks Investment Research raised shares of Silver Standard Resources from a “hold” rating to a “strong-buy” rating and set a $14.00 price target for the company in a research report on Wednesday, August 31st. Credit Suisse Group AG reissued a “hold” rating on shares of Silver Standard Resources in a research report on Sunday, August 14th. National Bank Financial initiated coverage on shares of Silver Standard Resources in a research report on Wednesday, June 29th. They set an “outperform” rating and a $17.00 price target for the company. Finally, CIBC raised shares of Silver Standard Resources from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, June 27th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $14.00.

Analyst Recommendations for Silver Standard Resources (NASDAQ:SSRI)

Shares of Silver Standard Resources (NASDAQ:SSRI) opened at 11.05 on Monday. The company’s market capitalization is $1.32 billion. The stock has a 50 day moving average of $11.92 and a 200-day moving average of $11.37. Silver Standard Resources has a 52 week low of $3.66 and a 52 week high of $15.84.

Silver Standard Resources (NASDAQ:SSRI) last released its quarterly earnings data on Wednesday, August 10th. The company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate 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%. On average, analysts anticipate that Silver Standard Resources will post $0.87 EPS for the current year.

Several institutional investors have recently bought and sold shares of the stock. AXA increased its position in Silver Standard Resources by 2.4% in the first quarter. AXA now owns 895,479 shares of the company’s stock valued at $5,006,000 after buying an additional 20,700 shares during the period. Renaissance Technologies LLC increased its position in Silver Standard Resources by 66.4% in the first quarter. Renaissance Technologies LLC now owns 3,517,956 shares of the company’s stock valued at $19,525,000 after buying an additional 1,403,656 shares during the period. Bogle Investment Management L P DE bought a new position in Silver Standard Resources during the first quarter valued at about $1,566,000. UBS Group AG increased its position in Silver Standard Resources by 27.7% in the first quarter. UBS Group AG now owns 241,312 shares of the company’s stock valued at $1,339,000 after buying an additional 52,368 shares during the period. Finally, Pacad Investment Ltd. increased its position in Silver Standard Resources by 117.0% in the first quarter. Pacad Investment Ltd. now owns 35,800 shares of the company’s stock valued at $199,000 after buying an additional 19,300 shares during the period. Hedge funds and other institutional investors own 47.54% of the company’s stock.

Silver Standard Resources Company Profile

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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