Silver Standard Resources Inc. (SSRM) Receives $12.75 Average Target Price from Analysts
Shares of Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO) have received an average recommendation of “Buy” from the six ratings firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $12.75.
Several analysts recently weighed in on the company. Zacks Investment Research upgraded Silver Standard Resources from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Thursday, October 19th. Scotiabank upgraded Silver Standard Resources from a “sector perform” rating to an “outperform” rating and set a $13.00 target price for the company in a research report on Monday, September 25th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Silver Standard Resources in a research report on Thursday, September 7th. Finally, BMO Capital Markets assumed coverage on Silver Standard Resources in a research report on Friday, November 17th. They issued an “outperform” rating and a $12.50 target price for the company.
Shares of Silver Standard Resources (NASDAQ SSRM) traded up $0.07 during mid-day trading on Friday, hitting $8.71. The company had a trading volume of 653,442 shares, compared to its average volume of 1,700,304. The company has a current ratio of 10.42, a quick ratio of 7.96 and a debt-to-equity ratio of 0.23. Silver Standard Resources has a twelve month low of $7.70 and a twelve month high of $12.25. The company has a market cap of $1,040.00, a P/E ratio of 14.67 and a beta of -0.26.
Silver Standard Resources Company Profile
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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