Royal Bank Boosts Silver Standard Resources Price Target to $43.00

Silver Standard Resources (NASDAQ:SSRM) has received an updated price target of $43.00 from Royal Bank Of Canada, representing a potential upside of 21.71% from its previous close.

The research firm also maintained its 'outperform' rating on the stock, which is part of the basic materials sector.

This new price target suggests that analysts at Royal Bank Of Canada are optimistic about the company's future performance, although it is worth noting that other firms have provided more conservative estimates.

According to MarketBeat.com, the consensus price target for SSRM is $42.40, based on the ratings of 14 analysts who follow the stock.