RBC Capital Markets covered Silver Standard Resources (TSE:SSO), hiking its price target to $17.00 earlier today

Silver Standard Resources (TSE:SSO) had its target bumped up to $17.00 by RBC Capital Markets in a report released 6/29/2017. The new stock price target indicates a possible upside of 0.35% from the company’s previous close.

Previously on Friday June 23, 2017, Deutsche Securities released a statement about Silver Standard Resources (TSE:SSO) reduced the target price from $14.50 to $14.00. At the time, this indicated a possible upside of 0.07%.

Just yesterday Silver Standard Resources (TSE:SSO) traded -1.23% lower at $12.62. SSO’s 50-day moving average is $12.30 and its 200-day moving average is $13.52. The last stock close price is down -11.14% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time period. 122,908 shares of SSO were exchanged, down from an average trading volume of 267,947

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Silver Standard Resources has a with a one year low of $10.32 and a one year high of $20.48 SSO’s total market value is presently $0.

A total of 9 firms have reported on the stock. 0 brokerages rating the stock a strong buy, 4 brokerages rating the stock a buy, 4 brokers rating the stock a hold, 0 analysts rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $13.59.

General Company Details For Silver Standard Resources (TSE:SSO)

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. The Company has three producing mines and a portfolio of silver resource dominant projects located throughout the Americas. The Company 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 Seabee Gold Operation in Saskatchewan, Canada and Pirquitas mine in Jujuy, Argentina. The Marigold mine produced approximately 205,116 ounces of gold. The Seabee Gold Operation produced approximately 77,640 ounces of gold. The Pirquitas mine produced approximately 10.4 million ounces of silver.

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