Silver Lake Resources (OTCMKTS:SVLKF) High to “Buy” Macquarie

Silver Lake Resources (OTCMKTS: SVLKFGet a rating) was upgraded by Macquarie to a “buy” rating in a research note released Thursday to investors, TipRanks reports. The company currently has a target price of $2.10 on the stock. Macquarie’s price target indicates a potential upside of 92.66% from the company’s previous close.

OTCMKTS SVLKF held steady at $1.09 during Thursday trading hours. The company had a trading volume of 1 share, compared to its average volume of 9,843. Silver Lake Resources has a 52-week low of $0.88 and a 52-week high of $1.68. The company’s fifty-day moving average is $1.33 and its 200-day moving average is $1.29.

About Silver Lake Resources (Get a rating)

Silver Lake Resources Limited, together with its subsidiaries, is engaged in the exploration, mine development, mining and sale of gold and copper concentrates in the Eastern Goldfields and Midwest regions of Western Australia. The Company holds interests in the Deflector Gold Copper Project which produces gold bullion and gold-copper concentrates located in the Southern Murchison region of Western Australia, including the development and ramp-up of a secondary source of high-grade ore at Rothsay; and the Mount Monger operations, which produce gold bullion located in the Kalgoorlie Terrane Subdivision of the Eastern Goldfields Province.

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