Ord Minnett Sticks to Their Buy Rating for Silver Lake Resources Limited (SVLKF)

In a report released today, Paul Kaner from Ord Minnett maintained a Buy rating on Silver Lake Resources Limited (SVLKFResearch Report), with a price target of A$2.10. The company’s shares closed yesterday at $0.88.

Kaner covers the Basic Materials sector, focusing on stocks such as Evolution Mining Limited, AIC Mines Limited, and Ramelius Resources Limited. According to TipRanks, Kaner has an average return of -7.3% and a 36.00% success rate on recommended stocks.

Silver Lake Resources Limited has an analyst consensus of Strong Buy, with a price target consensus of $1.30, representing a 46.96% upside. In a report released today, Macquarie also maintained a Buy rating on the stock with a A$1.80 price target.

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SVLKF market cap is currently $863.1M and has a P/E ratio of 14.01.

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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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