Solaris Resources (TSE:SLS) Trading Down 2% – What’s Next?

Solaris Resources Inc. (TSE:SLS) shares were down 2% during mid-day trading on Monday . The stock traded as low as C$12.01 and last traded at C$12.03. Approximately 187,880 shares were traded during trading, a decline of 62% from the average daily volume of 498,142 shares. The stock had previously closed at C$12.27.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SLS shares. National Bank Financial increased their price target on shares of Solaris Resources from C$20.00 to C$22.50 in a research report on Thursday, January 29th. Royal Bank Of Canada increased their price target 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 price target on shares of Solaris Resources from C$16.00 to C$18.00 in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Solaris Resources currently has a consensus rating of “Buy” and an average price target of C$19.50.

Solaris Resources Price Performance

The stock’s 50-day moving average is C$12.85 and its 200 day moving average is C$11.00. The company has a debt-to-equity ratio of -0.84, a quick ratio of 1.29 and a current ratio of 3.09. The stock has a market capitalization of C$2.01 billion, a PE ratio of -46.27 and a beta of 1.85.

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.