Silver Standard Resources PT Lowered to C$10.00 (SSO)

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Equities research analysts at RBC Capital reduced their target price on shares of Silver Standard Resources (TSE:SSO) from C$11.00 to C$10.00 in a research note issued to investors on Wednesday. RBC Capital’s price objective points to a potential upside of 5.60% from the stock’s previous close.

Shares of Silver Standard Resources (TSE:SSO) opened at 9.47 on Wednesday. Silver Standard Resources has a 52 week low of $5.38 and a 52 week high of $13.52. The stock has a 50-day moving average of $8.29 and a 200-day moving average of $9.74. The company has a market cap of $764.7 million and a P/E ratio of 2.99.

Silver Standard Resources (TSE:SSO) last announced its earnings results on Monday, May 12th. The company reported ($0.23) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.16) by $0.07. On average, analysts predict that Silver Standard Resources will post $-0.27 earnings per share for the current fiscal year.

Silver Standard Resources Inc is a silver resource company. The Company’s properties are located in six countries in the Americas.

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