Headlines about Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Silver Standard Resources earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned headlines about the basic materials company an impact score of 46.6717708209594 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
A number of brokerages recently weighed in on SSRM. Royal Bank Of Canada reissued an “outperform” rating on shares of Silver Standard Resources in a research note on Thursday, September 7th. Zacks Investment Research raised shares of Silver Standard Resources from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Tuesday, October 3rd. Finally, Scotiabank raised shares of Silver Standard Resources from a “sector perform” rating to an “outperform” rating and set a $13.00 target price for the company in a research note on Monday, September 25th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $12.75.
Silver Standard Resources (NASDAQ SSRM) traded up $0.13 on Friday, reaching $8.63. 958,800 shares of the company’s stock traded hands, compared to its average volume of 1,713,216. Silver Standard Resources has a 12-month low of $7.70 and a 12-month high of $12.25. The company has a current ratio of 10.42, a quick ratio of 7.96 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $1,050.00, a P/E ratio of 14.65 and a beta of -0.26.
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About Silver Standard Resources
SSR Mining Inc, formerly Silver Standard Resources Inc, is a Canada-based resource company. The Company is engaged in the operation, acquisition, exploration and development of precious metal resource properties located in the Americas. The Company’s segments include Pirquitas mine, Marigold mine, Seabee Gold Operation, and Exploration and evaluation properties.
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