Silver Standard Resources (SSRI) Shares are Down -12.75%

Silver Standard Resources (SSRI) : During the past 4 weeks, traders have been relatively bearish on Silver Standard Resources (SSRI), hence the stock is down -7.48% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -12.17% relative to the S&P 500. The 4-week change in the price of the stock is -7.68% and the stock has fallen -12.75% in the past 1 week.

Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 9.62% and the fifty day Moving Average is 5.25%. Silver Standard Resources Inc. is up 47.76% in the last three month period. Year-to-Date the stock performance stands at 148.46%.

Silver Standard Resources (SSRI) stock is expected to deviate a maximum of $4.3 from the average target price of $13.27 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $19 and the most muted being $8.


Silver Standard Resources (NASDAQ:SSRI): On Fridays trading session , Opening price of the stock was $13.41 with an intraday high of $13.59. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $12.67. However, the stock managed to close at $12.87, a loss of 1.76% for the day. On the previous day, the stock had closed at $13.1. The total traded volume of the day was 3,534,562 shares.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.