Solaris Resources (TSE:SLS) PT Lowered to C$8.50

Solaris Resources (TSE:SLS) had its price target lowered by National Bankshares from C$9.00 to C$8.50 in a research note issued on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 165.63% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Canaccord Genuity Group raised their price objective on shares of Solaris Resources from C$14.50 to C$16.00 in a research note on Monday, July 22nd. Eight Capital decreased their price target on shares of Solaris Resources from C$23.50 to C$15.00 in a research report on Thursday, July 11th. Finally, TD Securities cut their price objective on Solaris Resources from C$17.00 to C$14.00 and set a “buy” rating on the stock in a research report on Thursday, June 20th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$13.50.

Solaris Resources Price Performance

SLS opened at C$3.20 on Tuesday. The firm has a market cap of C$519.17 million, a price-to-earnings ratio of -7.11 and a beta of 1.90. The company has a current ratio of 5.37, a quick ratio of 1.29 and a debt-to-equity ratio of 93.10. The stock’s 50-day moving average price is C$3.18 and its 200 day moving average price is C$3.96. Solaris Resources has a 12-month low of C$2.58 and a 12-month high of C$6.02.

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.