Silver Standard Resources Inc. (NASDAQ:SSRI) (TSE:SSO) has been given an average recommendation of “Hold” by the ten research firms that are covering the firm. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $12.67.

Several analysts recently weighed in on SSRI shares. Citigroup Inc. restated a “neutral” rating on shares of Silver Standard Resources in a research report on Monday, October 17th. Zacks Investment Research upgraded Silver Standard Resources from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a research report on Wednesday, August 31st. Credit Suisse Group AG reiterated a “hold” rating on shares of Silver Standard Resources in a research report on Sunday, August 14th. BMO Capital Markets upgraded Silver Standard Resources from a “market perform” rating to an “outperform” rating and set a $19.00 target price for the company in a research report on Tuesday, August 23rd. Finally, Macquarie assumed coverage on Silver Standard Resources in a research report on Tuesday, September 20th. They issued an “outperform” rating for the company.

Silver Standard Resources (NASDAQ:SSRI) traded down 0.40% during trading on Tuesday, hitting $9.91. The stock had a trading volume of 592,049 shares. The company’s market cap is $1.18 billion. Silver Standard Resources has a 52 week low of $3.66 and a 52 week high of $15.84. The company has a 50-day moving average of $10.68 and a 200 day moving average of $11.97.

Several institutional investors have recently modified their holdings of SSRI. Harbour Capital Advisors LLC bought a new position in shares of Silver Standard Resources during the second quarter worth about $142,000. Shell Asset Management Co. increased its position 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 worth $154,000 after buying an additional 1,200 shares during the period. Highbridge Capital Management LLC bought a new position in shares of Silver Standard Resources during the second quarter worth about $156,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Silver Standard Resources during the second quarter worth about $160,000. Finally, Verition Fund Management LLC bought a new position in shares of Silver Standard Resources during the third quarter worth about $163,000. Institutional investors own 48.79% of the company’s stock.

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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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