In a report released today, Tim McCormack from Canaccord Genuity maintained a Buy rating on Silver Lake Resources Limited (SVLKF – Research Report), with a price target of A$1.40. The company’s shares closed yesterday at $0.74.
According to TipRanks, McCormack is a 4-star analyst with an average return of 7.3% and a 50.30% success rate. McCormack covers the Basic Materials sector, focusing on stocks such as Westgold Resources Ltd, Northern Star Resources Ltd, and Calidus Resources Ltd..
Currently, the analyst consensus on Silver Lake Resources Limited is a Strong Buy with an average price target of $1.04.
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SVLKF market cap is currently $710.5M and has a P/E ratio of 33.56.
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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.
