National Bankshares Raises Solaris Resources (TSE:SLS) Price Target to C$9.00

Posted by Jeff Wilder on Jul 24th, 2024

Solaris Resources (TSE:SLS – Free Report) had its target price raised by National Bankshares from C$8.50 to C$9.00 in a report issued on Monday morning, BayStreet.CA reports.

A number of other equities research analysts have also issued reports on the company. BMO Capital Markets cut their price target on Solaris Resources from C$15.00 to C$14.00 and set an outperform rating for the company in a research note on Tuesday, June 11th. Canaccord Genuity Group lifted their target price on Solaris Resources from C$13.50 to C$14.50 in a research note on Wednesday, April 17th. Eight Capital lowered their price target on Solaris Resources from C$23.50 to C$15.00 in a report on Thursday, July 11th. Finally, TD Securities cut their price objective on shares of Solaris Resources from C$17.00 to C$14.00 and set a buy rating for the company in a report on Thursday, June 20th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of Buy and a consensus price target of C$13.60.

Check Out Our Latest Stock Analysis on Solaris Resources

Solaris Resources Stock Performance

SLS opened at C$3.41 on Monday. Solaris Resources has a 12-month low of C$3.31 and a 12-month high of C$6.62. The company’s 50 day moving average is C$4.20 and its 200 day moving average is C$4.31. The company has a current ratio of 4.30, a quick ratio of 1.29 and a debt-to-equity ratio of 228.34. The company has a market cap of C$514.33 million, a price-to-earnings ratio of -9.22 and a beta of 2.00.

Insider Buying and Selling at Solaris Resources

In other Solaris Resources news, Senior Officer Jacqueline Wagenaar sold 18,718 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$4.02, for a total transaction of C$75,220.15. 46.74% of the stock is currently owned by corporate insiders.

Solaris Resources Company Profile

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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.