Zacks Provided 2 Rating to Silver Standard Resources Inc. (NASDAQ:SSRI)

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Silver Standard Resources Inc. (NASDAQ:SSRI) reported its last quarter results on 11/08/2016. This Company belongs to Basic Materials sector.

In the last trading session, The Company traded 2.27 Million shares. The Stock Market opened sessions at 10.15 and closed at 10.17. There was a stock increase by 0.79 percent.

According to Yahoo Finance, the price target for the company which analysts are aiming is 18. The 1-year price target of the company is 13.35.

Investors expected a price target of 0.2 for this quarter.  Zacks Investment Research gave Silver Standard Resources Inc. (NASDAQ:SSRI) a rating of 2 on a scale of 1 to 5. Here, 1 indicates a Strong Buy and 5 indicates a Strong Sell.

Considering the performance, Silver Standard Resources Inc. (NASDAQ:SSRI)’s shares have the potential to reach a high EPS of 0.28 per share, and a low EPS of 0.13 per share in the current quarter. All of these Earnings estimates are a consensus recommendation of 7 Analysts. According to them, the median (average) EPS the company could deliver is 0.18/share. While the actual EPS the company reported in the same quarter previous year was -0.09/share.

For the quarter ending 08/10/2016, The Analyst projected that the company could deliver EPS of 0.09 while the company provided its Actual EPS of 0.25 showing a difference of 0.16 Percent between the Estimated and Actual EPS. Hence, the surprise factor was 177.8 percent.

Analysts estimated $0.27/share for the previous Quarter, where Silver Standard Resources Inc. (NASDAQ:SSRI) reported Actual EPS of $0.31/share with the difference of 0.04 percent and a surprise of 14.8 percent.

The 10 analysts offering 12-month price forecasts for Silver Standard Resources Inc have a median target of 12.71, with a high estimate of 18.00 and a low estimate of 10.50. The median estimate represents a +24.94% increase from the last price of 10.17.

For the current quarter, the highest estimate analysts provided is 126.1 Million and the lowest is 125.33 Million. These 2 Analysts are also projecting the mean revenue estimate of 125.71 Million. The year ago sales the company reported in the same quarter is 90.59 Million.

While Looking at Sales Growth (Year/est), the company is currently showing a percentage value of 950 percent.

Silver Standard Resources Inc. (NASDAQ:SSRI) topped its 52-week high price target of 15.84 on Aug 12, 2016. The company reached a 52-week low at 3.66 on Jan 21, 2016.

The company’s stock currently has 1.29 Billion in market capitalization. The volatility rate is 6.32% percent and 6.14% percent each. Price per earning (ttm) stands at 0.

This year, the company showed a solid 950 percent of growth. The next year’s growth is calculated to be -42.4 percent. The company projects a long term annual growth estimate of -88.37 percent.

Company Profile:

Silver Standard is focused on the acquisition, exploration and development of silver-dominant projects. They have a quality portfolio of core properties in the development pipeline in Argentina, Mexico, Chile, the United States and Australia.

 

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