Solaris Resources (TSE:SLS) Given New C$18.00 Price Target at BMO Capital Markets

Solaris Resources (TSE:SLS) had its price objective increased by BMO Capital Markets from C$16.00 to C$18.00 in a research report released on Thursday,BayStreet.CA reports.

A number of other research analysts have also weighed in on SLS. Royal Bank Of Canada lifted their price objective on shares of Solaris Resources from C$12.00 to C$18.00 in a research note on Wednesday, December 10th. National Bankshares boosted their price objective on Solaris Resources from C$17.00 to C$20.00 and gave the company an “outperform” rating in a research note on Thursday, December 11th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$19.50.

Solaris Resources Price Performance

Shares of TSE:SLS opened at C$14.47 on Thursday. The company has a 50-day moving average price of C$11.38 and a two-hundred day moving average price of C$9.13. Solaris Resources has a twelve month low of C$3.55 and a twelve month high of C$15.47. The company has a quick ratio of 1.29, a current ratio of 4.62 and a debt-to-equity ratio of 712.38. The firm has a market capitalization of C$2.41 billion, a PE ratio of -40.19 and a beta of 1.67.

About Solaris Resources

Solaris Resources Inc is advancing a portfolio of copper and gold assets in the Americas, which includes a high-grade resource with expansion and additional discovery potential at the Warintza copper and gold project in Ecuador; discovery potential on the grass-roots Tamarugo project in Chile and Capricho and Paco Orco projects in Peru; exposure to $130M spending 5-yrs through a farm-out agreement with Freeport-McMoRan on the Ricardo Project in Chile; and leverage to increasing copper prices through the 60% interest in the development-stage La Verde joint-venture project with Teck Resources in Mexico.