Royal Bank Of Canada Upgrades Silver Standard Resources (TSE:SSO) to Moderate Buy

Silver Standard Resources (TSE:SSO) was upgraded by Royal Bank Of Canada from a “hold” rating to a “moderate buy” rating in a report issued on Wednesday,Zacks.com reports.

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