Geode Capital Management LLC Grows Stock Position in Solitario Resources Corp. (NYSEAMERICAN:XPL)

Geode Capital Management LLC increased its position in shares of Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) by 11.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 579,870 shares of the basic materials company’s stock after purchasing an additional 59,573 shares during the quarter. Geode Capital Management LLC owned approximately 0.71% of Solitario Resources worth $406,000 as of its most recent filing with the SEC.

Separately, Focused Wealth Management Inc grew its position in shares of Solitario Resources by 19.3% in the third quarter. Focused Wealth Management Inc now owns 370,900 shares of the basic materials company’s stock valued at $260,000 after purchasing an additional 60,000 shares in the last quarter. Institutional investors own 18.23% of the company’s stock.

Solitario Resources Price Performance

NYSEAMERICAN:XPL opened at $0.60 on Monday. The firm has a market capitalization of $49.21 million, a price-to-earnings ratio of -10.07 and a beta of 0.89. Solitario Resources Corp. has a 52 week low of $0.43 and a 52 week high of $0.98.

Solitario Resources (NYSEAMERICAN:XPL) (TSE:SLR) last released its earnings results on Monday, November 11th. The basic materials company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). On average, sell-side analysts anticipate that Solitario Resources Corp. will post -0.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reiterated a “buy” rating and set a $1.20 price objective on shares of Solitario Resources in a research report on Tuesday, December 10th.

Solitario Resources Company Profile

Solitario Resources Corp., an exploration stage company, engages in the acquisition and exploration of precious metal, zinc, and other base metal properties in North and South America. The company holds 50% interest in the Lik zinc-lead-silver property located in Northwest Alaska; 39% interest in the Florida Canyon zinc project located in northern Peru; and 85% interest in the Chambara exploration project located in Peru.