RBC Capital Upgrades Silver Standard to Buy

By Ryan Adsit

Silver Standard (NASDAQ: SSRI) received a Buy rating and a $13 price target from RBC Capital analyst Stephen Walker yesterday. The company’s shares closed yesterday at $10.08.

According to TipRanks.com, Walker is a 2-star analyst with an average return of 0.6% and a 46.6% success rate. Walker covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Novagold Resources Inc New.

Currently, the analyst consensus on Silver Standard is Moderate Buy and the average price target is $12.50, representing a 24.0% upside.

In a report released yesterday, BMO Capital also reiterated a Buy rating on the stock with a $12 price target.

Silver Standard’s market cap is currently $1.2B and has a P/E ratio of 14.82. The company has a book value ratio of 1.3608.

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Silver Standard Resources, Inc. engages in the operation, development, exploration, and acquisition of precious metal projects. It focuses on the production in Pirquitas and Marigold Mines and Seabee Gold Operation. It primarily explores for silver, zinc, gold, and lead deposits.