Today’s Stock On Watch: Silver Standard Resources Inc. (USA) Can’t Burn Your Short Portfolio. Has Another Weak Session

Today's Stock On Watch: Silver Standard Resources Inc. (USA) Can't Burn Your Short Portfolio. Has Another Weak Session

The stock of Silver Standard Resources Inc. (USA) (NASDAQ:SSRI) is a huge mover today! About 1.41M shares traded hands. Silver Standard Resources Inc. (USA) (NASDAQ:SSRI) has risen 85.12% since March 11, 2016 and is uptrending. It has outperformed by 79.66% the S&P500.
The move comes after 7 months negative chart setup for the $1.27B company. It was reported on Oct, 14 by Barchart.com. We have $9.98 PT which if reached, will make NASDAQ:SSRI worth $76.20 million less.

Analysts await Silver Standard Resources Inc. (USA) (NASDAQ:SSRI) to report earnings on November, 3.

Silver Standard Resources Inc. (USA) (NASDAQ:SSRI) Ratings Coverage

Out of 5 analysts covering Silver Standard Resources (NASDAQ:SSRI), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Silver Standard Resources has been the topic of 10 analyst reports since August 12, 2015 according to StockzIntelligence Inc. BMO Capital Markets upgraded Silver Standard Resources Inc. (USA) (NASDAQ:SSRI) rating on Tuesday, August 23. BMO Capital Markets has “Outperform” rating and $19 price target. The firm has “Neutral” rating by Citigroup given on Tuesday, August 2. The rating was upgraded by IBC on Monday, June 27 to “Sector Outperformer”. The firm has “Neutral” rating given on Friday, August 12 by Citigroup. National Bank Canada initiated the shares of SSRI in a report on Wednesday, June 29 with “Outperform” rating. On Monday, September 14 the stock rating was maintained by Citigroup with “Neutral”.

According to Zacks Investment Research, “Silver Standard is focused on the acquisition, exploration and development of silver-dominant projects. They have a quality portfolio of core properties in the development pipeline in Argentina, Mexico, Chile, the United States and Australia.”

More recent Silver Standard Resources Inc. (USA) (NASDAQ:SSRI) news were published by: Seekingalpha.com which released: “Silver Standard: Time To Buy The Dip?” on October 13, 2016. Also Fool.com published the news titled: “Investors Are Taking a Shine to Silver Standard Resources Inc. Today” on August 11, 2016. Streetinsider.com‘s news article titled: “Silver Standard Resources (SSRI) Updates on Q3 Operational Results; Gold …” with publication date: October 12, 2016 was also an interesting one.

SSRI Company Profile

Silver Standard Resources Inc., incorporated on December 11, 1946, is a resource company. The Firm is engaged in the operation, acquisition, exploration and development of precious metal resource properties located in the Americas. The Firm operates through three divisions: Pirquitas mine, Marigold mine, and Exploration and evaluation properties. The Firm has over two producing mines and a portfolio of silver resource dominant projects located throughout the Americas. The Firm is 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 other projects include San Lius project in Peru, Pitarrilla project in Mexico and Berenguela project in Peru.

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