BMO Capital Markets Begins Coverage on Silver Standard Resources (SSRM)

Equities researchers at BMO Capital Markets started coverage on shares of Silver Standard Resources (NASDAQ:SSRM) (TSE:SSO) in a research report issued to clients and investors on Friday, November 17th. The brokerage set an “outperform” rating and a $12.50 price target on the basic materials company’s stock. BMO Capital Markets’ target price would suggest a potential upside of 56.45% from the stock’s current price.

Other analysts have also recently issued reports about the company. Zacks Investment Research raised Silver Standard Resources from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Tuesday, October 3rd. Royal Bank Of Canada restated a “buy” rating and issued a $13.00 price objective on shares of Silver Standard Resources in a report on Wednesday, August 2nd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $12.38.

Shares of Silver Standard Resources (SSRM) traded down $0.12 on Friday, hitting $7.99. The stock had a trading volume of 892,471 shares, compared to its average volume of 1,664,425. The company has a debt-to-equity ratio of 0.23, a quick ratio of 7.96 and a current ratio of 10.42. Silver Standard Resources has a 12-month low of $7.70 and a 12-month high of $12.25. The company has a market cap of $988.68, a PE ratio of 14.22 and a beta of -0.34.

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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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