Silver Standard Resources Inc. (NASDAQ:SSRI) has earned a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the company. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $13.40.

Several brokerages have commented on SSRI. Macquarie began coverage on shares of Silver Standard Resources in a report on Tuesday. They issued an “outperform” rating for the company. BMO Capital Markets set a $19.00 price target on shares of Silver Standard Resources and gave the stock a “buy” rating in a research report on Saturday. Zacks Investment Research raised shares of Silver Standard Resources from a “hold” rating to a “strong-buy” rating and set a $14.00 price target for the company in a research report on Wednesday, August 31st. Credit Suisse Group AG reissued a “hold” rating on shares of Silver Standard Resources in a research report on Sunday, August 14th. Finally, Citigroup Inc. increased their price target on shares of Silver Standard Resources from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Friday, August 12th.

A number of institutional investors have recently modified their holdings of SSRI. Acadian Asset Management LLC purchased a new position in Silver Standard Resources during the first quarter worth approximately $280,000. Aperio Group LLC raised its position in Silver Standard Resources by 37.9% in the first quarter. Aperio Group LLC now owns 196,863 shares of the company’s stock worth $1,093,000 after buying an additional 54,114 shares in the last quarter. Pacad Investment Ltd. raised its position in Silver Standard Resources by 117.0% in the first quarter. Pacad Investment Ltd. now owns 35,800 shares of the company’s stock worth $199,000 after buying an additional 19,300 shares in the last quarter. Canada Pension Plan Investment Board raised its position in Silver Standard Resources by 26.6% in the first quarter. Canada Pension Plan Investment Board now owns 1,356,200 shares of the company’s stock worth $7,581,000 after buying an additional 285,000 shares in the last quarter. Finally, UBS Group AG raised its position in Silver Standard Resources by 27.7% in the first quarter. UBS Group AG now owns 241,312 shares of the company’s stock worth $1,339,000 after buying an additional 52,368 shares in the last quarter. 47.52% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Silver Standard Resources (NASDAQ:SSRI) traded up 1.0889% during mid-day trading on Tuesday, hitting $12.3935. 1,007,757 shares of the stock were exchanged. The company has a 50-day moving average of $13.50 and a 200 day moving average of $10.53. The stock’s market cap is $1.48 billion. Silver Standard Resources has a one year low of $3.66 and a one year high of $15.84.

Silver Standard Resources (NASDAQ:SSRI) last announced its earnings results on Wednesday, August 10th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.08 by $0.17. Silver Standard Resources had a negative net margin of 28.69% and a positive return on equity of 2.64%. On average, equities analysts predict that Silver Standard Resources will post $0.81 earnings per share for the current year.

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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