Silver Standard Resources (SSRI) : Analyst Rating Update

Silver Standard Resources (SSRI) has an average broker rating of 1.75, which is interpreted as a Buy, as rated by 4 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Silver Standard Resources (SSRI) : The most positive equity analysts on Silver Standard Resources (SSRI) expects the shares to touch $14, whereas, the least positive believes that the stock will trade at $8 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $10.71 with an expected fluctuation of $2.99 from the mean.

Silver Standard Resources (NASDAQ:SSRI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.90 and $13.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.77, notching a gain of 7.73% for the day. The total traded volume was 4,661,157 . The stock had closed at $13.71 on the previous day.

Also, National Bank initiates coverage on Silver Standard Resources (NASDAQ:SSRI) The shares have been rated Outperform. The rating by the firm was issued on June 29, 2016. The company shares have rallied 138.02% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $13.83 and the one year low was seen on Jan 21, 2016. The 50-Day Moving Average price is $10.82 and the 200 Day Moving Average price is recorded at $7.30.

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 Companys 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.

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