Solaris Resources (TSE:SLS) Shares Down 0.8% – What’s Next?

Solaris Resources Inc. (TSE:SLS)’s share price fell 0.8% during trading on Thursday . The company traded as low as C$12.51 and last traded at C$12.77. 352,942 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 517,453 shares. The stock had previously closed at C$12.87.

Analysts Set New Price Targets

SLS has been the subject of a number of recent research reports. National Bank Financial boosted their price target on shares of Solaris Resources from C$20.00 to C$22.50 in a research note on Thursday, January 29th. BMO Capital Markets lifted their price objective on shares of Solaris Resources from C$16.00 to C$18.00 in a report on Thursday, January 29th. Finally, Royal Bank Of Canada upped their target price on shares of Solaris Resources from C$12.00 to C$18.00 in a report on Wednesday, December 10th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$19.50.

Solaris Resources Stock Down 0.8%

The company has a current ratio of 4.62, a quick ratio of 1.29 and a debt-to-equity ratio of 712.38. The firm has a market capitalization of C$2.13 billion, a P/E ratio of -35.47 and a beta of 1.80. The stock’s 50-day simple moving average is C$12.21 and its 200-day simple moving average is C$9.80.

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.