Could Silver Standard Resources Inc. See a Reversal After This Very Strong Session?

 Could Silver Standard Resources Inc. See a Reversal After This Very Strong Session?

The stock of Silver Standard Resources Inc. (TSE:SSO) is a huge mover today! About 59,083 shares traded hands. Silver Standard Resources Inc. (TSE:SSO) has risen 22.95% since April 22, 2016 and is uptrending. It has outperformed by 16.93% the S&P500.
The move comes after 8 months positive chart setup for the $1.54B company. It was reported on Nov, 28 by Barchart.com. We have $13.86 PT which if reached, will make TSE:SSO worth $107.80 million more.

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 -6.95% below today’s ($12.95) stock price. Silver Standard Resources has been the topic of 8 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The stock of Silver Standard Resources Inc. (TSE:SSO) has “Market Perform” rating given on Monday, August 15 by BMO Capital Markets. The company was initiated on Wednesday, June 29 by National Bank Canada.

Silver Standard Resources Inc. is a resource company. The company has a market cap of $1.54 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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