FY2016 Earnings Forecast for Silver Standard Resources Inc. Issued By Cormark (SSO)
Silver Standard Resources Inc. (TSE:SSO) – Cormark boosted their FY2016 EPS estimates for shares of Silver Standard Resources in a report released on Thursday. Cormark analyst G. Jennings now expects that the firm will post earnings of $1.17 per share for the year, up from their prior forecast of $0.94. Cormark also issued estimates for Silver Standard Resources’ Q1 2017 earnings at $0.32 EPS, Q2 2017 earnings at $0.23 EPS, Q3 2017 earnings at $0.23 EPS, Q4 2017 earnings at $0.23 EPS and FY2017 earnings at $1.01 EPS.
SSO has been the subject of several other research reports. BMO Capital Markets reissued a “market perform” rating and issued a C$16.50 price objective on shares of Silver Standard Resources in a report on Friday, August 12th. Deutsche Bank AG lifted their price target on Silver Standard Resources from C$14.00 to C$15.50 in a research note on Monday, October 3rd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of C$15.70.
Shares of Silver Standard Resources (TSE:SSO) opened at 12.71 on Monday. Silver Standard Resources has a 52-week low of $5.28 and a 52-week high of $20.48. The stock’s market cap is $1.51 billion. The company’s 50 day moving average price is $14.85 and its 200 day moving average price is $15.40.
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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