Wells Fargo & Company MN decreased its position in shares of Silver Standard Resources Inc. (NASDAQ:SSRI) (TSE:SSO) by 6.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 972,911 shares of the company’s stock after selling 70,824 shares during the period. Wells Fargo & Company MN owned 0.82% of Silver Standard Resources worth $11,733,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the stock. GWM Advisors LLC bought a new stake in Silver Standard Resources during the second quarter worth about $558,000. Palo Capital Inc. bought a new stake in Silver Standard Resources during the second quarter worth about $438,000. CIBC World Markets Inc. increased its stake in Silver Standard Resources by 319.0% in the second quarter. CIBC World Markets Inc. now owns 79,624 shares of the company’s stock worth $1,034,000 after buying an additional 60,621 shares during the last quarter. Sigma Planning Corp bought a new stake in Silver Standard Resources during the second quarter worth about $903,000. Finally, Shell Asset Management Co. increased its stake in 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 last quarter. Institutional investors own 48.79% of the company’s stock.

Institutional Ownership by Quarter for Silver Standard Resources (NASDAQ:SSRI)

Silver Standard Resources Inc. (NASDAQ:SSRI) traded down 2.81% during mid-day trading on Wednesday, reaching $9.69. 889,952 shares of the company’s stock traded hands. Silver Standard Resources Inc. 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. The company’s market capitalization is $1.16 billion.

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A number of equities research analysts have recently issued reports on SSRI shares. Citigroup Inc. started coverage on shares of Silver Standard Resources in a research report on Tuesday, August 2nd. They set a “neutral” rating and a $14.00 price target for the company. BMO Capital Markets reissued a “market perform” rating and set a $16.50 price objective on shares of Silver Standard Resources in a research note on Friday, August 12th. Credit Suisse Group AG reissued a “hold” rating on shares of Silver Standard Resources in a research note on Sunday, August 14th. Zacks Investment Research raised shares of Silver Standard Resources from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a research note on Wednesday, August 31st. Finally, Macquarie initiated coverage on shares of Silver Standard Resources in a research note on Tuesday, September 20th. They set an “outperform” rating for the company. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Silver Standard Resources has an average rating of “Hold” and an average price target of $14.00.

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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