Solaris Resources (TSE:SLS) Price Target Raised to C$23.50

Solaris Resources (TSE:SLSGet Rating) had its target price lifted by equities research analysts at Eight Capital to C$23.50 in a report issued on Tuesday, Stock Target Advisor reports. The firm currently has a “buy” rating on the stock. Eight Capital’s price target would indicate a potential upside of 56.56% from the company’s current price.

Several other equities research analysts also recently commented on SLS. National Bankshares upped their price target on shares of Solaris Resources from C$20.00 to C$22.00 in a research report on Monday. BMO Capital Markets increased their price target on shares of Solaris Resources from C$18.00 to C$19.00 in a research note on Wednesday, January 19th.

SLS stock opened at C$15.01 on Tuesday. The company has a current ratio of 2.75, a quick ratio of 2.69 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of C$1.63 billion and a price-to-earnings ratio of -22.61. Solaris Resources has a 12 month low of C$8.84 and a 12 month high of C$17.17. The company’s 50 day simple moving average is C$13.57.

About Solaris Resources (Get Rating)

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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