Silver Standard Resources (TSE:SSO) Upgraded by Royal Bank Of Canada to “Moderate Buy” Rating

Royal Bank Of Canada upgraded shares of Silver Standard Resources (TSE:SSO) from a hold rating to a moderate buy rating in a research report released on Wednesday morning,Zacks.com reports.

Separately, Canadian Imperial Bank of Commerce upgraded Silver Standard Resources from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Silver Standard Resources Price Performance

Silver Standard Resources is a Canada-based precious metals company focused on the exploration, development and production of silver and other precious metal resources. The company’s activities typically include identifying and acquiring mineral properties, conducting geological and feasibility studies, developing mining infrastructure, and operating metal extraction and processing facilities. Its business model centers on advancing deposits through exploration and permitting into commercial production.

In addition to mine production, Silver Standard historically has been involved in the metallurgical processing of ore, the sale of concentrates or doré to downstream smelters and refiners, and the implementation of mine-closure and environmental management programs.