Ord Minnett Keeps Their Buy Rating on Silver Lake Resources Limited (SVLKF)

In a report released today, Paul Kaner from Ord Minnett maintained a Buy rating on Silver Lake Resources Limited (SVLKF – Research Report), with a price target of A$2.00. The company’s shares closed yesterday at $0.56.

Kaner covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Evolution Mining Limited, and AIC Mines Limited. According to TipRanks, Kaner has an average return of -5.3% and a 37.18% success rate on recommended stocks.

Currently, the analyst consensus on Silver Lake Resources Limited is a Strong Buy with an average price target of $1.02, which is an 82.14% upside from current levels. In a report released today, Macquarie also maintained a Buy rating on the stock with a A$1.40 price target.

See today’s best-performing stocks on TipRanks >>

SVLKF market cap is currently $520.3M and has a P/E ratio of 36.91.

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.

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.

Read More on SVLKF:

ncG1vNJzZmilkae4psDSZ5muq5mjsrS%2FyKeqopyVp3uku8xopZ6vo2TAtbvCpKpop6KZeq61zaecraxdoLKmvNJmq6Gdmad6o8HYZqmarJmjtG67zWaqoqSmmr9uuMCknGaqlai8tr7CnqpmpJmitrWxw2aqr6Sbm3pyfJJrbHFpY22G