Solitario Resources’ (XPL) Buy Rating Reiterated at HC Wainwright

HC Wainwright restated their buy rating on shares of Solitario Resources (NYSEAMERICAN:XPL) (TSE:SLR) in a report released on Friday morning,Benzinga reports. They currently have a $1.20 target price on the basic materials company’s stock.

Solitario Resources Stock Down 1.3 %

NYSEAMERICAN XPL opened at $0.73 on Friday. Solitario Resources has a 12 month low of $0.43 and a 12 month high of $0.98. The firm has a market capitalization of $59.45 million, a P/E ratio of -12.17 and a beta of 0.89.

Hedge Funds Weigh In On Solitario Resources

An institutional investor recently raised its position in Solitario Resources stock. Focused Wealth Management Inc boosted its holdings in Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) by 19.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 370,900 shares of the basic materials company’s stock after buying an additional 60,000 shares during the period. Focused Wealth Management Inc owned approximately 0.46% of Solitario Resources worth $260,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 18.23% of the company’s stock.

About Solitario Resources

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.