Solaris Resources (TSE:SLS) Price Target Raised to C$25.00 at TD Securities

Solaris Resources (TSE:SLSGet Rating) had its price objective boosted by research analysts at TD Securities from C$22.00 to C$25.00 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage presently has a “speculative buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 76.80% from the stock’s previous close.

Several other analysts also recently issued reports on the stock. Scotiabank raised their price objective on shares of Solaris Resources from C$18.00 to C$19.50 in a research note on Tuesday. National Bankshares boosted their price objective on Solaris Resources from C$20.00 to C$22.00 and gave the company an “outperform” rating in a report on Monday. BMO Capital Markets increased their target price on Solaris Resources from C$18.00 to C$19.00 in a research note on Wednesday, January 19th. Eight Capital increased their price objective on Solaris Resources from C$20.00 to C$23.50 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Royal Bank of Canada increased their price objective on shares of Solaris Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research note on Tuesday. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Solaris Resources presently has a consensus rating of “Buy” and an average target price of C$21.50.

Shares of Solaris Resources stock traded down C$0.56 during trading on Wednesday, hitting C$14.14. The stock had a trading volume of 204,874 shares, compared to its average volume of 198,438. Solaris Resources has a 12 month low of C$8.85 and a 12 month high of C$17.17. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.69 and a current ratio of 2.75. The company has a fifty day simple moving average of C$13.57. The firm has a market capitalization of C$1.54 billion and a PE ratio of -21.28.

Solaris Resources Company Profile (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.

Recommended Stories

Analyst Recommendations for Solaris Resources (TSE:SLS)

Receive News & Ratings for Solaris Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solaris Resources and related companies with MarketBeat.com's FREE daily email newsletter.