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

 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 194,138 shares traded hands. Silver Standard Resources Inc. (TSE:SSO) has risen 114.94% since March 31, 2016 and is uptrending. It has outperformed by 113.85% the S&P500.
The move comes after 6 months negative chart setup for the $1.92B company. It was reported on Nov, 4 by Barchart.com. We have $14.01 PT which if reached, will make TSE:SSO worth $153.60 million less.

Silver Standard Resources Inc. (TSE:SSO) Ratings Coverage

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 $6.40 is the lowest. The $12.05 average target is -20.88% below today’s ($15.23) stock price. Silver Standard Resources has been the topic of 8 analyst reports since September 1, 2015 according to StockzIntelligence Inc. On Monday, August 15 the stock rating was maintained by BMO Capital Markets with “Market Perform”. The stock of Silver Standard Resources Inc. (TSE:SSO) earned “Outperform” rating by National Bank Canada on Wednesday, June 29.

More news for Silver Standard Resources Inc. (TSE:SSO) were recently published by: Fool.com, which released: “Investors Are Taking a Shine to Silver Standard Resources Inc. Today” on August 11, 2016. Marketwatch.com‘s article titled: “Silver Standard Completes Sale of Parral Exploration Properties” and published on November 01, 2016 is yet another important article.

Silver Standard Resources Inc. is a resource company. The company has a market cap of $1.92 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.

SSO.TO 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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