Solaris Resources (TSE:SLS - Get Free Report) had its target price raised by 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 current price.
Several other research analysts also recently commented on the stock. National Bankshares lowered their price objective on shares of Solaris Resources from C$10.50 to C$8.00 and set an "outperform" rating for the company in a research report on Monday, January 8th. TD Securities lowered their price target on shares of Solaris Resources from C$20.00 to C$17.00 and set a "speculative buy" rating for the company in a report on Tuesday, March 5th. Finally, BMO Capital Markets lowered their price target on shares of Solaris Resources from C$17.00 to C$15.00 in a report on Friday, January 12th.
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Solaris Resources Price Performance
Shares of TSE SLS traded down C$0.11 during midday trading on Wednesday, reaching C$4.56. The company's stock had a trading volume of 119,656 shares, compared to its average volume of 163,221. Solaris Resources has a fifty-two week low of C$3.61 and a fifty-two week high of C$7.50. The company has a market cap of C$805.43 million, a P/E ratio of -9.91 and a beta of 2.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.81. The business's 50 day moving average price is C$4.26 and its two-hundred day moving average price is C$4.58.
About Solaris Resources
(
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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.
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