Canaccord Genuity Group Boosts Solaris Resources (TSE:SLS) Price Target to C$14.50

Solaris Resources (TSE:SLS) had its target price hoisted by Canaccord Genuity Group from C$13.50 to C$14.50 in a research note released on Wednesday morning, BayStreet.CA reports.

A number of other research analysts have also issued reports on SLS. National Bankshares decreased their target price on shares of Solaris Resources from C$10.50 to C$8.00 and set an outperform rating on the stock in a research report on Monday, January 8th. BMO Capital Markets decreased their target price on shares of Solaris Resources from C$17.00 to C$15.00 in a research report on Friday, January 12th. Finally, TD Securities decreased their target price on shares of 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.

Solaris Resources Stock Down 2.2 %

Solaris Resources stock opened at C$4.50 on Wednesday. The stock has a market cap of C$794.84 million, a P/E ratio of -9.78 and a beta of 2.00. The company has a quick ratio of 1.29, a current ratio of 1.81 and a debt-to-equity ratio of 0.53. Solaris Resources has a twelve month low of C$3.61 and a twelve month high of C$7.42. The company’s 50-day moving average price is C$4.29 and its two-hundred day moving average price is 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.