Solaris Resources (TSE:SLS) Price Target Raised to C$14.50

Solaris Resources (TSE:SLS) had its target price upped by equities researchers at Canaccord Genuity Group from C$13.50 to C$14.50 in a report issued on Wednesday, BayStreet.CA reports. Canaccord Genuity Group’s target price would suggest a potential upside of 217.98% from the stock’s previous close.

A number of other research analysts have also weighed in on the company. BMO Capital Markets dropped their price objective on Solaris Resources from C$17.00 to C$15.00 in a report on Friday, January 12th. National Bankshares dropped their price objective on Solaris Resources from C$10.50 to C$8.00 and set an “outperform” rating on the stock in a report on Monday, January 8th. Finally, TD Securities dropped their price objective on Solaris Resources from C$20.00 to C$17.00 and set a “speculative buy” rating on the stock in a report on Tuesday, March 5th.

Solaris Resources Price Performance

SLS stock traded down C$0.11 on Wednesday, reaching C$4.56. 119,656 shares of the company’s stock were exchanged, compared to its average volume of 163,221. The stock has a fifty day moving average of C$4.24 and a 200-day moving average of C$4.58. Solaris Resources has a twelve month low of C$3.61 and a twelve month high of C$7.50. The firm has a market cap of C$805.43 million, a PE ratio of -9.91 and a beta of 2.00. The company has a quick ratio of 1.29, a current ratio of 1.81 and a debt-to-equity ratio of 0.53.

Solaris Resources Company Profile

Solaris Resources Inc engages in exploration of mineral properties. It focuses on exploring copper, molybdenum, gold, lead, zinc, and silver. The company's flagship project is the 100% owned Warintza Copper and Gold Project comprising nine metallic mineral concessions, which covers an area of 268 km2 located in Ecuador.