Solaris Resources (TSE:SLS) Trading Down 5.7% – Time to Sell?

Solaris Resources Inc. (TSE:SLS) fell 5.7% on Friday . The stock traded as low as C$11.62 and last traded at C$11.70. 534,918 shares changed hands during trading, an increase of 4% from the average session volume of 516,003 shares. The stock had previously closed at C$12.41.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SLS. National Bank Financial increased their price target on Solaris Resources from C$20.00 to C$22.50 in a report on Thursday, January 29th. Royal Bank Of Canada boosted their price objective on shares of Solaris Resources from C$12.00 to C$18.00 in a research report on Wednesday, December 10th. Finally, BMO Capital Markets increased their target price on shares of Solaris Resources from C$16.00 to C$18.00 in a research note on Thursday, January 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$19.50.

Solaris Resources Stock Performance

The company has a quick ratio of 1.29, a current ratio of 6.06 and a debt-to-equity ratio of -1.11. The business has a 50 day moving average price of C$12.99 and a 200 day moving average price of C$10.47. The stock has a market cap of C$1.95 billion, a P/E ratio of -32.50 and a beta of 1.61.

About Solaris Resources

Solaris Resources is a copper-gold exploration and development company advancing a portfolio of high-quality assets across the Americas. Its flagship asset is the 100%-owned Warintza Project in southeast Ecuador, a Tier 1 copper porphyry deposit with over 1.3 billion tonnes of Mineral Reserves and outstanding economics driven by high-grade, near-surface mineralization and a world-class strip-adjusted grade. Warintza stands out for its scale, simplicity, and strong community partnerships built through formal agreements and inclusive engagement.