Solitario Resources (XPL) to Release Earnings on Friday

Key Points

• Solitario Resources (XPL) will report quarterly results before the market opens on Friday, May 1, and analysts expect an earnings loss of ($0.01) per share.
• Shares opened at $0.86 with a market cap of $79.12 million, a 52‑week range of $0.54–$0.98, and 50‑/200‑day moving averages of $0.82 and $0.73, respectively.
• Institutional investors own about 18.23% of the stock after recent increases by firms such as Renaissance and Geode, and analysts hold a consensus "Moderate Buy" with a $1.20 price target (HC Wainwright reaffirmed a "Buy").

Solitario Resources (NYSEAMERICAN:XPL - Get Free Report) TSE: SLR is expected to issue its results before the market opens on Friday, May 1st. Analysts expect the company to announce earnings of ($0.01) per share for the quarter.

Solitario Resources Stock Down 1.4%

Shares of XPL stock opened at $0.86 on Friday. The company has a market cap of $79.12 million, a price-to-earnings ratio of -17.16 and a beta of 0.41. Solitario Resources has a 52 week low of $0.54 and a 52 week high of $0.98. The firm has a 50 day moving average of $0.82 and a 200-day moving average of $0.73.

Institutional Trading of Solitario Resources

Several hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC grew its position in Solitario Resources by 15.9% in the 4th quarter. Renaissance Technologies LLC now owns 1,295,706 shares of the basic materials company's stock valued at $903,000 after purchasing an additional 178,035 shares during the period. Geode Capital Management LLC grew its position in Solitario Resources by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 650,751 shares of the basic materials company's stock valued at $454,000 after purchasing an additional 55,958 shares during the period. Citadel Advisors LLC acquired a new stake in Solitario Resources in the 3rd quarter valued at $194,000. XTX Topco Ltd grew its position in Solitario Resources by 185.0% in 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 period. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Solitario Resources in the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 18.23% of the company's stock.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a "buy" rating and set a $1.20 price objective on shares of Solitario Resources in a research report on Monday, March 23rd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1.20.

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.

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