Investment analysts at RBC Capital decreased their target price on shares of Silver Standard Resources (NASDAQ:SSRI) from $9.00 to $8.50 in a note issued to investors on Friday, AmericanBankingNews.com reports. RBC Capital’s price target would suggest a potential upside of 37.88% from the company’s current price.
A number of other analysts have also recently weighed in on SSRI. Analysts at Deutsche Bank downgraded shares of Silver Standard Resources from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, October 2nd. They now have a $4.50 price target on the stock, down previously from $7.00. Analysts at Zacks upgraded shares of Silver Standard Resources from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 10th. They now have a $8.20 price target on the stock. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $10.37.
Shares of Silver Standard Resources (NASDAQ:SSRI) traded up 1.22% on Friday, hitting $6.24. The stock had a trading volume of 665,898 shares. Silver Standard Resources has a one year low of $5.18 and a one year high of $15.53. The stock has a 50-day moving average of $5.87 and a 200-day moving average of $6.94. The company’s market cap is $503.9 million.
Silver Standard Resources Inc is a silver resource company that assembled a portfolio of silver-dominant projects located in seven countries in the Americas and Australia.
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