Silver Standard Resources Inc. (USA) (NASDAQ:SSRI) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: January 11, 2017
Zacks Investment Research has downgraded Silver Standard Resources Inc. (USA) (NASDAQ:SSRI) to Hold in a statement released on 01/11/2017.
On 12/14/2016, Zacks Investment Research released a statement for Silver Standard Resources Inc. (USA) (NASDAQ:SSRI) bumped up the target price from $0.00 to $10.00 that suggested an upside of 0.06%.
Boasting a price of $9.60, Silver Standard Resources Inc. (USA) (NASDAQ:SSRI) traded -3.05% lower on the day. With the last stock price close down -16.22% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.04% over the date range. Silver Standard Resources Inc. (USA) has recorded a 50-day average of $9.35 and a two hundred day average of $11.77. Volume of trade was down over the average, with 1,651,806 shares of SSRI changing hands under the typical 1,930,920
With a total market value of $0, Silver Standard Resources Inc. (USA) has with a one year low of $3.66 and a one year high of $15.84 .
In addition to Zacks Investment Research reporting its target price, a total of 4 firms have reported on the stock. The consensus target price is $11.38 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Silver Standard Resources Inc. (USA) (NASDAQ:SSRI)
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. It has over two producing mines and a portfolio of silver resource dominant projects located throughout the Americas. Its other projects include San Lius project in Peru, Pitarrilla project in Mexico and Berenguela project in Peru. The Pirquitas mine consists of semi-contiguous mineral exploitation concessions covering a total area of approximately 3,620 hectares. The plan of operations (PoO) area of the Marigold mine encompasses approximately 7,800 hectares, with approximately 2,000 hectares within the PoO permitted for mining-related disturbance.
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