Moelis analyst Paul Hissey maintained a Buy rating on Silver Lake Resources Limited (SVLKF – Research Report) on April 26 and set a price target of A$1.70. The company’s shares closed last Friday at $0.98.
Hissey covers the Basic Materials sector, focusing on stocks such as AIC Mines Limited, Silver Lake Resources Limited, and Gold Road Resources Ltd. According to TipRanks, Hissey has an average return of 8.4% and a 58.33% success rate on recommended stocks.
Currently, the analyst consensus on Silver Lake Resources Limited is a Strong Buy with an average price target of $1.13, implying a 14.88% upside from current levels. In a report released on April 26, Ord Minnett also maintained a Buy rating on the stock with a A$2.30 price target.
The company has a one-year high of $0.98 and a one-year low of $0.51. Currently, Silver Lake Resources Limited has an average volume of 10.48K.
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Silver Lake Resources Limited (SVLKF) Company Description:
Silver Lake Resources Ltd is a gold producing and exploration company with resources in the prospective regions including Mount Monger and the Murchison goldfields of Western Australia.
