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

Solaris Resources (TSE:SLS) had its price target increased by equities researchers at Canaccord Genuity Group from C$13.50 to C$14.50 in a research note issued to investors on Wednesday, BayStreet.CA reports. Canaccord Genuity Group’s price target suggests a potential upside of 215.22% from the company’s current price.

A number of other research firms also recently issued reports on SLS. National Bankshares cut their price target on Solaris Resources from C$10.50 to C$8.00 and set an “outperform” rating for the company in a research note on Monday, January 8th. TD Securities cut their target price on Solaris Resources from C$20.00 to C$17.00 and set a “speculative buy” rating on the stock in a research report on Tuesday, March 5th. Finally, BMO Capital Markets lowered their price target on Solaris Resources from C$17.00 to C$15.00 in a research report on Friday, January 12th.

Solaris Resources Trading Up 0.9 %

TSE:SLS opened at C$4.60 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.81 and a quick ratio of 1.29. Solaris Resources has a one year low of C$3.61 and a one year high of C$7.42. The company has a market cap of C$812.50 million, a PE ratio of -10.00 and a beta of 2.00. The firm has a 50-day moving average of C$4.28 and a 200-day moving average of C$4.58.

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.