Silver Standard Resources Inc. (NASDAQ:SSRI) – Equities researchers at National Bank Financial upped their FY2019 earnings per share estimates for shares of Silver Standard Resources in a research note issued to investors on Wednesday. National Bank Financial analyst A. Melnyk now expects that the brokerage will post earnings of $0.73 per share for the year, up from their previous estimate of $0.62.

Other research analysts have also recently issued reports about the company. BMO Capital Markets set a $19.00 price objective on Silver Standard Resources and gave the company a “buy” rating in a report on Saturday, September 17th. Zacks Investment Research raised Silver Standard Resources from a “sell” rating to a “hold” rating in a report on Thursday, November 3rd. Credit Suisse Group AG reissued a “hold” rating on shares of Silver Standard Resources in a report on Sunday, August 14th. Citigroup Inc. lifted their price objective on Silver Standard Resources from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Friday, August 12th. Finally, Macquarie initiated coverage on Silver Standard Resources in a report on Tuesday, September 20th. They set an “outperform” rating for the company. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $14.00.

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

Shares of Silver Standard Resources (NASDAQ:SSRI) traded down 13.79% during midday trading on Friday, reaching $9.38. 4,340,761 shares of the company’s stock were exchanged. Silver Standard Resources has a 1-year low of $3.66 and a 1-year high of $15.84. The firm has a 50-day moving average of $11.17 and a 200-day moving average of $11.82. The company’s market capitalization is $1.12 billion.

Hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp raised its stake in shares of Silver Standard Resources by 177.4% in the second quarter. Van ECK Associates Corp now owns 17,980,886 shares of the company’s stock worth $233,572,000 after buying an additional 11,498,367 shares during the last quarter. Sun Valley Gold LLC raised its stake in shares of Silver Standard Resources by 104.3% in the first quarter. Sun Valley Gold LLC now owns 3,890,287 shares of the company’s stock worth $21,591,000 after buying an additional 1,986,400 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Silver Standard Resources by 66.4% in the first quarter. Renaissance Technologies LLC now owns 3,517,956 shares of the company’s stock worth $19,525,000 after buying an additional 1,403,656 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Silver Standard Resources by 66.1% in the second quarter. Vanguard Group Inc. now owns 2,012,251 shares of the company’s stock worth $26,139,000 after buying an additional 801,091 shares during the last quarter. Finally, Sprott Inc. raised its stake in shares of Silver Standard Resources by 705.4% in the second quarter. Sprott Inc. now owns 1,691,481 shares of the company’s stock worth $21,972,000 after buying an additional 1,481,461 shares during the last quarter. Hedge funds and other institutional investors own 47.73% of the company’s stock.

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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