There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Silver Lake Resources Limited (SVLKF – Research Report) and Regis Resources Limited (RGRNF – Research Report) with bullish sentiments.
Silver Lake Resources Limited (SVLKF)
Macquarie analyst Andrew Bowler maintained a Buy rating on Silver Lake Resources Limited today and set a price target of A$1.40. The company’s shares closed last Thursday at $0.56, close to its 52-week low of $0.54.
According to TipRanks.com, Bowler is a 1-star analyst with an average return of
Currently, the analyst consensus on Silver Lake Resources Limited is a Strong Buy with an average price target of $1.02.
See Insiders’ Hot Stocks on TipRanks >>
Regis Resources Limited (RGRNF)
Bell Potter analyst David Coates maintained a Buy rating on Regis Resources Limited today and set a price target of A$2.26. The company’s shares closed last Wednesday at $1.00.
According to TipRanks.com, Coates is ranked #3061 out of 8527 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Regis Resources Limited with a $1.28 average price target, which is a 28.0% upside from current levels. In a report released today, Morgans also upgraded the stock to Buy with a A$1.74 price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Read More on SVLKF:
