Silver Standard Resources (SSRM) Receiving Somewhat Favorable Press Coverage, Report Shows
Media stories about Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Silver Standard Resources earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 47.0919682922751 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment’s rankings:
- Eagle Plains Resources Samples Up To 61.3 g/t Gold At Orchid Project; Provides Fisher Project Update – Junior Mining Network (juniorminingnetwork.com)
- Trading Session Report for Silver Standard Resources Inc. (SSRM) – Financial News Review (finnewsreview.com)
- Canadian stock market falls after rising three days (english.sina.com)
- Equities Analysts Offer Predictions for Silver Standard Resources Inc.’s Q3 2017 Earnings (SSRM) (americanbankingnews.com)
- Absolutely Anonymously – Best Quality Generic Viagra (mycakies.com)
A number of equities analysts have issued reports on SSRM shares. Royal Bank Of Canada set a $13.00 price target on Silver Standard Resources and gave the stock a “hold” rating in a report on Monday, May 8th. ValuEngine cut Silver Standard Resources from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. Finally, Zacks Investment Research cut Silver Standard Resources from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Silver Standard Resources currently has an average rating of “Hold” and an average target price of $13.00.
Shares of Silver Standard Resources (NASDAQ SSRM) traded down 2.30% during trading on Wednesday, hitting $10.21. The company had a trading volume of 655,570 shares. Silver Standard Resources has a 1-year low of $7.70 and a 1-year high of $13.77. The company’s 50 day moving average is $9.66 and its 200 day moving average is $10.14. The firm has a market capitalization of $1.22 billion, a P/E ratio of 11.60 and a beta of -0.12.
Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) last announced its quarterly earnings results on Wednesday, August 9th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.05. Silver Standard Resources had a return on equity of 10.69% and a net margin of 20.37%. The business had revenue of $116.98 million for the quarter, compared to the consensus estimate of $117.05 million. During the same period last year, the business posted $0.25 EPS. The business’s revenue was down 1.5% compared to the same quarter last year. Analysts anticipate that Silver Standard Resources will post $0.42 earnings per share for the current fiscal year.
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About Silver Standard Resources
SSR Mining Inc, formerly Silver Standard Resources Inc, is a Canada-based resource company. The Company is engaged in the operation, acquisition, exploration and development of precious metal resource properties located in the Americas. The Company’s segments include Pirquitas mine, Marigold mine, Seabee Gold Operation, and Exploration and evaluation properties.
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