Analyst Actions: CIBC World Markets Raises Rating, Target Price on Silver Standard

By MT Newswires,  December 12, 2012, 03:49:56 PM EDT

Silver Standard Resources Inc.'s (SSO.TO) Pitarrilla project in Mexico is proving to be richer in resources than expected, said CIBC World Markets analyst Barry Cooper, the Globe & Mail reported.

"Once built, Pitarrilla promises to be a big contributor to earnings, in a new jurisdiction away from Argentina," Cooper pointed out. "Pitarrilla hosts a large resource that could support a long-life operation."

Cooper raised his rating to "sector outperform" from "sector perform" and his target price to $23 from $18.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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