Silver Lake Resources (ASX:SLR)‘s stock had its “buy” rating reiterated by HC Wainwright in a research report issued on Wednesday. They presently have a $1.00 price target on the stock.
The analysts wrote, “We maintain our Buy recommendation and our C$1.00 per share price target. Our valuation is based on the firm’s interest in the Florida Canyon zinc project, which we value at C$35 million.””
SLR stock opened at A$0.49 ($0.35) on Wednesday. Silver Lake Resources has a 12 month low of A$0.31 ($0.22) and a 12 month high of A$0.67 ($0.48).
Silver Lake Resources Limited, together with its subsidiaries, operates as a gold producing and exploration company in Australia. It also explores for silver deposits. The company holds interests in the Mount Monger goldfield project located within the Kalgoorlie terrane subdivision of the Eastern Goldfields province.
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