Shares of Silver Standard Resources Inc. (NASDAQ:SSRI) traded up 3.3% during trading on Monday . The stock traded as high as $12.43 and last traded at $12.36, with a volume of 1,069,604 shares changing hands. The stock had previously closed at $11.97.

Several equities analysts recently commented on SSRI shares. BMO Capital Markets reaffirmed a “hold” rating and issued a $10.00 price objective on shares of Silver Standard Resources in a research report on Tuesday, May 31st. Zacks Investment Research lowered shares of Silver Standard Resources from a “buy” rating to a “hold” rating in a research report on Thursday, June 16th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $11.50 price objective (up from $8.00) on shares of Silver Standard Resources in a research report on Thursday, June 9th. CIBC raised shares of Silver Standard Resources from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, June 27th. Finally, Scotiabank downgraded shares of Silver Standard Resources from a “sector outperform” rating to a “sector perform” rating in a report on Wednesday, June 15th. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Silver Standard Resources presently has a consensus rating of “Buy” and an average price target of $14.00.

The stock’s market cap is $1.46 billion. The company has a 50 day moving average price of $13.50 and a 200 day moving average price of $10.53.

Silver Standard Resources (NASDAQ:SSRI) last released its quarterly earnings data on Wednesday, August 10th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.17. Silver Standard Resources had a positive return on equity of 2.64% and a negative net margin of 28.69%. Equities analysts forecast that Silver Standard Resources Inc. will post $0.81 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its position in Silver Standard Resources by 177.4% in the second quarter. Van ECK Associates Corp now owns 17,980,886 shares of the company’s stock worth $233,572,000 after buying an additional 11,498,367 shares during the period. Sun Valley Gold LLC increased its position in Silver Standard Resources by 104.3% in the first quarter. Sun Valley Gold LLC now owns 3,890,287 shares of the company’s stock worth $21,591,000 after buying an additional 1,986,400 shares during the period. Sprott Inc. increased its position in Silver Standard Resources by 705.4% in the second quarter. Sprott Inc. now owns 1,691,481 shares of the company’s stock worth $21,972,000 after buying an additional 1,481,461 shares during the period. Renaissance Technologies LLC increased its position in Silver Standard Resources by 66.4% in the first quarter. Renaissance Technologies LLC now owns 3,517,956 shares of the company’s stock worth $19,525,000 after buying an additional 1,403,656 shares during the period. Finally, Emerald Acquisition Ltd. purchased a new position in Silver Standard Resources during the second quarter worth approximately $11,215,000. Institutional investors own 47.52% of the company’s stock.

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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