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

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

Solitario Resources Stock Performance

Shares of XPL stock opened at $0.78 on Monday. The stock’s 50 day simple moving average is $0.78 and its 200 day simple moving average is $0.71. Solitario Resources has a twelve month low of $0.54 and a twelve month high of $0.98. The company has a market capitalization of $72.07 million, a price-to-earnings ratio of -15.63 and a beta of 0.41.

Institutional Trading of Solitario Resources

Several hedge funds have recently added to or reduced their stakes in XPL. Mercer Global Advisors Inc. ADV bought a new stake in shares of Solitario Resources in the third quarter valued at approximately $35,000. XTX Topco Ltd raised its stake in Solitario Resources by 185.0% during the 4th quarter. XTX Topco Ltd now owns 53,018 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 34,415 shares during the last quarter. Total Wealth Planning & Management Inc. acquired a new position in Solitario Resources during the 4th quarter valued at $130,000. Citadel Advisors LLC bought a new stake in Solitario Resources in the 3rd quarter valued at $194,000. Finally, Focused Wealth Management Inc boosted its holdings in Solitario Resources by 7.0% in the 4th quarter. Focused Wealth Management Inc now owns 610,900 shares of the basic materials company’s stock valued at $426,000 after purchasing an additional 40,000 shares during the period. Institutional investors own 18.23% of the company’s stock.

About Solitario Resources

Solitario Resources Corp. is a mineral exploration and development company focused on base and precious metals in the Americas. Headquartered in Englewood, Colorado, the firm targets copper, gold and silver through a combination of strategic acquisitions, grassroots exploration and joint-venture partnerships. Solitario’s work spans the full project life cycle from early-stage target generation and permitting through advanced stage resource definition and prefeasibility studies.

The company’s project portfolio includes a range of properties across North and South America.