National Bankshares assumed coverage on shares of Solaris Resources (TSE:SLS – Get Rating) in a research report report published on Thursday morning, Marketbeat reports. The firm issued a buy rating and a C$20.00 target price on the stock.
Other analysts have also issued research reports about the company. TD Securities increased their target price on Solaris Resources from C$21.00 to C$22.00 and gave the company a speculative buy rating in a report on Thursday, December 16th. Eight Capital lifted their target price on shares of Solaris Resources from C$18.00 to C$20.00 and gave the company a na rating in a research note on Wednesday, January 19th. Finally, BMO Capital Markets lifted their target price on shares of Solaris Resources from C$18.00 to C$19.00 in a report on Wednesday, January 19th.
Shares of SLS opened at C$14.65 on Thursday. The company has a 50-day simple moving average of C$13.56. Solaris Resources has a one year low of C$8.84 and a one year high of C$17.17. The stock has a market capitalization of C$1.59 billion and a P/E ratio of -22.06. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.75 and a quick ratio of 2.69.
Solaris Resources Inc, engages in acquisition, exploration, and development of mineral properties. It focuses on exploring copper, molybdenum, gold, lead, zinc, and silver. The company primarily holds interest in Warintza property covering an area of 26,777 hectares located in southeastern Ecuador. It holds 100% interest in Ricardo property covering an area of 16,000 hectares located in Chile; 75% interest in Tamarugo property covering an area of 5100 hectare located in northern Chile; and holds interest in Capricho project covering an area of 4600 hectares and Paco Orco project covering an area of 4,400 hectares located in Peru.
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