Silver Lake Resources Limited (SVLKF – Research Report) received a Buy rating and a p1.40 price target from RBC Capital analyst Alex Barkley yesterday. The company’s shares closed yesterday at $0.60.
Barkley covers the Basic Materials sector, focusing on stocks such as Silver Lake Resources Limited, Gold Road Resources Ltd, and Regis Resources Limited. According to TipRanks, Barkley has an average return of -2.4% and a 39.71% success rate on recommended stocks.
Currently, the analyst consensus on Silver Lake Resources Limited is a Strong Buy with an average price target of $0.78, implying a 31.05% upside from current levels. In a report released today, Macquarie also maintained a Buy rating on the stock with a A$1.50 price target.
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SVLKF market cap is currently $570.1M and has a P/E ratio of 27.29.
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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.
