Silver Standard Resources (USA) (SSRI) is Upgraded by CIBC to Sector Outperform

Silver Standard Resources (USA) (SSRI) was Upgraded by CIBC to ” Sector Outperform”. Earlier the firm had a rating of “Sector Perform ” on the company shares. CIBC advised their investors in a research report released on Jun 27, 2016.

On the company’s financial health, Silver Standard Resources (USA) reported $-0.13 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Nov 5, 2015. Analyst had a consensus of $-0.10. The company had revenue of $77.20 million for the quarter, compared to analysts expectations of $107.25 million. The company’s revenue was down -2.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.18 EPS.

Silver Standard Resources (USA) opened for trading at $12.24 and hit $12.39 on the upside on Friday, eventually ending the session at $12.02, with a gain of 4.98% or 0.57 points. The heightened volatility saw the trading volume jump to 41,09,863 shares. Company has a market cap of $974 M.

Silver Standard Resources Inc. is a resource company. The Company is focused on 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. As of February 18 2015 the Company had two producing mines and a portfolio of silver resource dominant projects located throughout the Americas. The Company is primarily focused on silver production from the Pirquitas mine in Argentina and gold production from the Marigold mine in Nevada the United States. The Company’s development projects include San Lius Peru; Pitarrilla Mexico and Diablillos Argentina. Its exploration projects consist of Berenguela Peru; Candelaria the United States; Maverick Springs the United States; San Marcial Mexico; Sunrise Lake Canada and Parral Mining District Mexico.

Silver Standard Resources  (USA)

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