What Next for Silver Standard Resources Inc. Stock After Today’s Huge Decline?


The stock of Silver Standard Resources Inc. (TSE:SSO) is a huge mover today! About 666,761 shares traded hands. Silver Standard Resources Inc. (TSE:SSO) has risen 124.53% since February 5, 2016 and is uptrending. It has outperformed by 108.05% the S&P500.
The move comes after 7 months negative chart setup for the $2.03 billion company. It was reported on Sep, 13 by Barchart.com. We have $15.07 PT which if reached, will make TSE:SSO worth $121.80 million less.

Out of 3 analysts covering Silver Standard Resources (TSE:SSO), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. $17 is the highest target while $6.80 is the lowest. The $12.05 average target is -24.83% below today’s ($16.03) stock price. Silver Standard Resources has been the topic of 7 analyst reports since September 21, 2015 according to StockzIntelligence Inc.

Silver Standard Resources Inc. is a resource company. The company has a market cap of $2.03 billion. The Firm is engaged in the operation, acquisition, exploration and development of precious metal resource properties located in the Americas. It currently has negative earnings. The Firm operates through three divisions: Pirquitas mine, Marigold mine, and Exploration and evaluation properties.

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