Notable Price Action: Silver Standard Resources Inc. (USA) Increases Again; Strong Momentum for Buyers

Notable Price Action: Silver Standard Resources Inc. (USA) Increases Again; Strong Momentum for Buyers

The stock of Silver Standard Resources Inc. (USA) (NASDAQ:SSRI) is a huge mover today! About 1.12M shares traded hands. Silver Standard Resources Inc. (USA) (NASDAQ:SSRI) has risen 29.08% since April 13, 2016 and is uptrending. It has outperformed by 25.15% the S&P500.
The move comes after 9 months positive chart setup for the $1.21 billion company. It was reported on Nov, 15 by Barchart.com. We have $12.55 PT which if reached, will make NASDAQ:SSRI worth $314.60M more.

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. Citigroup maintained the stock with “Neutral” rating in Monday, September 14 report. IBC upgraded Silver Standard Resources Inc. (USA) (NASDAQ:SSRI) on Monday, June 27 to “Sector Outperformer” rating. The firm has “Outperform” rating by National Bank Canada given on Wednesday, June 29. As per Tuesday, August 2, the company rating was initiated by Citigroup. The company was upgraded on Tuesday, August 23 by BMO Capital Markets. Citigroup maintained the stock with “Neutral” rating in Friday, August 12 report.

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.”

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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