RBC Capital analyst Alex Barkley maintained a Buy rating on Silver Lake Resources Limited (SVLKF – Research Report) on August 24 and set a price target of A$1.40. The company’s shares closed yesterday at $0.58.
According to TipRanks, Barkley is an analyst with an average return of -2.6% and a 49.15% success rate. Barkley covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Evolution Mining Limited, and Regis Resources Limited.
Silver Lake Resources Limited has an analyst consensus of Strong Buy, with a price target consensus of $1.02, implying a 76.32% upside from current levels. In a report released yesterday, Macquarie also maintained a Buy rating on the stock with a A$1.40 price target.
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The company has a one-year high of $1.06 and a one-year low of $0.54. Currently, Silver Lake Resources Limited has an average volume of 7,783.
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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.
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