Royal Bank Of Canada Reaffirms Outperform Rating for Silver Standard Resources Inc. (SSRM)

Royal Bank Of Canada reiterated their outperform rating on shares of Silver Standard Resources Inc. (NASDAQ:SSRM) (TSE:SSO) in a report issued on Thursday.

SSRM has been the topic of several other reports. Zacks Investment Research upgraded Silver Standard Resources from a sell rating to a hold rating in a report on Friday, August 11th. ValuEngine cut Silver Standard Resources from a buy rating to a hold rating in a report on Tuesday, June 6th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Silver Standard Resources has a consensus rating of Buy and a consensus target price of $13.25.

Silver Standard Resources (SSRM) opened at 10.77 on Thursday. Silver Standard Resources has a 52 week low of $7.70 and a 52 week high of $13.73. The company’s 50-day moving average price is $9.95 and its 200-day moving average price is $10.07. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 12.24 and a beta of -0.17.

Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) last posted its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $116.98 million for the quarter, compared to analysts’ expectations of $117.05 million. During the same period in the previous year, the firm posted $0.25 EPS. Silver Standard Resources’s revenue was down 1.5% compared to the same quarter last year. Equities analysts forecast that Silver Standard Resources will post $0.40 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Royal Bank Of Canada Reaffirms Outperform Rating for Silver Standard Resources Inc. (SSRM)” was first posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://sportsperspectives.com/2017/09/10/royal-bank-of-canada-reaffirms-outperform-rating-for-silver-standard-resources-inc-ssrm.html.

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.

Analyst Recommendations for Silver Standard Resources (NASDAQ:SSRM)

Receive News & Ratings for Silver Standard Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silver Standard Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply