Dahlman Rose Reiterates Buy Rating on Silver Standard Resources (SSRI)

Dahlman Rose is out with a research report this afternoon, where it reiterates its Buy rating on Silver Standard Resources SSRI; it has a $69.78 price target on the stock. The DR analysts noted that Silver Standard has achieved significant operational improvement throughout 2010, adding that this year it should see significant increases in volumes, cash flows, and earnings at operations. As for valuation, the analysts remarked, “We have adjusted our model to take into account new production and cost guidance for Pirquitas, as well as the new timing and ownership of San Luis. We will adjust our Pitarrilla and Diablillos models upon the completion of economic studies in progress.”