Solaris Resources (TSE:SLS) PT Raised to C$14.50 at Canaccord Genuity Group

Solaris Resources (TSE:SLS) had its price target hoisted by investment analysts 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 target price would indicate a potential upside of 215.22% from the company’s current price.

A number of other brokerages have also recently commented on SLS. National Bankshares cut their price target on shares of 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 price objective on Solaris Resources from C$20.00 to C$17.00 and set a “speculative buy” rating for the company in a report on Tuesday, March 5th. Finally, BMO Capital Markets lowered their target price on shares of Solaris Resources from C$17.00 to C$15.00 in a report on Friday, January 12th.

Solaris Resources Stock Up 0.9 %

Shares of SLS stock opened at C$4.60 on Wednesday. Solaris Resources has a one year low of C$3.61 and a one year high of C$7.42. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.81 and a quick ratio of 1.29. The stock has a fifty day moving average price of C$4.28 and a 200 day moving average price of C$4.58. The stock has a market cap of C$812.50 million, a P/E ratio of -10.00 and a beta of 2.00.

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.