Solitario Resources (NYSEAMERICAN:XPL) Given Buy Rating at HC Wainwright

HC Wainwright restated their buy rating on shares of Solitario Resources (NYSEAMERICAN:XPL) (TSE:SLR) in a report published on Thursday,Benzinga reports. The brokerage currently has a $1.20 price objective on the basic materials company’s stock.

Solitario Resources Stock Down 2.5%

Shares of NYSEAMERICAN:XPL opened at $0.78 on Thursday. The firm has a market capitalization of $70.35 million, a P/E ratio of -11.14 and a beta of 0.41. Solitario Resources has a 1 year low of $0.5380 and a 1 year high of $0.8888. The business’s 50 day moving average is $0.68.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new position in Solitario Resources during the 1st quarter worth $31,000. Millennium Management LLC bought a new position in Solitario Resources during the 4th quarter worth $44,000. National Bank of Canada FI raised its position in Solitario Resources by 54.5% during the 1st quarter. National Bank of Canada FI now owns 255,000 shares of the basic materials company’s stock worth $153,000 after purchasing an additional 90,000 shares during the last quarter. Focused Wealth Management Inc raised its position in Solitario Resources by 27.0% during the 1st quarter. Focused Wealth Management Inc now owns 470,900 shares of the basic materials company’s stock worth $283,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Total Wealth Planning & Management Inc. bought a new position in Solitario Resources during the 4th quarter worth $90,000. 18.23% of the stock is currently owned by institutional investors.

About Solitario Resources

Solitario Resources Corp., an exploration stage company, engages in the acquisition and exploration of precious metal, zinc, and other base metal properties in North and South America. The company holds 50% interest in the Lik zinc-lead-silver property located in Northwest Alaska; 39% interest in the Florida Canyon zinc project located in northern Peru; and 85% interest in the Chambara exploration project located in Peru.