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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Silver Lake Resources Limited    SLR   AU000000SLR6

SILVER LAKE RESOURCES LIMITED

(SLR)
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Silver Lake Resources Limited : Towards the breakout of a major resistance level

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09/18/2020 | 10:21am EDT
long trade
Live
Entry price : 2.4AUD | Target : 3.15AUD | Stop-loss : 1.97AUD | Potential : 31.25%
Silver Lake Resources Limited shares are trading close to a resistance zone which currently limits any upside potential. We expect that this level will be broken due to the stock's technical chart pattern.
Investors have an opportunity to buy the stock and target the AUD 3.15.
Silver Lake Resources Limited : Silver Lake Resources Limited : Towards the breakout of a major resistance level
Strengths
  • The group's activity appears highly profitable thanks to its outperforming net margins.
  • Its low valuation, with P/E ratio at 11 and 10.45 for the ongoing fiscal year and 2022 respectively, makes the stock pretty attractive with regard to earnings multiples.
  • Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
  • Over the last twelve months, the sales forecast has been frequently revised upwards.
  • For several months, analysts have been revising their EPS estimates roughly upwards.
  • For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
  • Analysts covering this company mostly recommend stock overweighting or purchase.
  • The stock is in a well-established, long-term rising trend above the technical support level at 1.6 AUD

Weaknesses
  • Stock prices approach a strong long-term resistance in weekly data at AUD 2.59.
  • The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
  • Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
  • The company's earnings releases usually do not meet expectations.
Ratings chart
Subsector Gold Mining
1st jan.Capitalization (M$)Investor Rating
SILVER LAKE RESOURCES LIMIT..57.46%1 309
NEWMONT CORPORATION44.63%50 483
BARRICK GOLD CORPORATION47.68%46 621
POLYUS119.05%26 548
WHEATON PRECIOUS METALS COR..58.23%19 846
AGNICO EAGLE MINES LIMITED28.70%19 063
NEWCREST MINING LIMITED-3.34%16 757
KIRKLAND LAKE GOLD LTD.6.04%12 487
KINROSS GOLD CORPORATION72.08%9 871
ANGLOGOLD ASHANTI LIMITED16.53%9 491
NORTHERN STAR RESOURCES LIM..31.30%7 744
More Results


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Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials
Sales 2021 661 M 464 M 464 M
Net income 2021 211 M 148 M 148 M
Net cash 2021 340 M 239 M 239 M
P/E ratio 2021 8,86x
Yield 2021 -
Capitalization 1 859 M 1 309 M 1 306 M
EV / Sales 2021 2,30x
EV / Sales 2022 1,78x
Nbr of Employees 191
Free-Float 99,2%
Upcoming event on SILVER LAKE RESOURCES LIMITED
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 2,58 AUD
Last Close Price 2,11 AUD
Spread / Highest target 37,4%
Spread / Average Target 22,5%
Spread / Lowest Target 9,00%
EPS Revisions
Managers
NameTitle
Luke Tonkin Managing Director & Director
David Francis Quinlivan Non-executive Chairman
Diniz Cardoso Chief Financial Officer
Kelvin Edward Flynn Non-Executive Director
Peter Alexander Non-Executive Director