Solaris Resources (TSE:SLS) Price Target Increased to C$9.00 by Analysts at National Bankshares

Solaris Resources (TSE:SLS) had its price objective raised by stock analysts at National Bankshares from C$8.50 to C$9.00 in a research note issued on Monday, BayStreet.CA reports. National Bankshares’ price objective points to a potential upside of 160.12% from the company’s current price.

A number of other research analysts have also weighed in on SLS. Eight Capital dropped their target price on Solaris Resources from C$23.50 to C$15.00 in a report on Thursday, July 11th. BMO Capital Markets decreased their price target on Solaris Resources from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research report on Tuesday, June 11th. Canaccord Genuity Group increased their price target on Solaris Resources from C$13.50 to C$14.50 in a research report on Wednesday, April 17th. Finally, TD Securities decreased their price target on Solaris Resources from C$17.00 to C$14.00 and set a “buy” rating for the company in a research report on Thursday, June 20th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$13.60.

Solaris Resources Stock Up 1.5 %

Shares of SLS stock traded up C$0.05 during trading hours on Monday, reaching C$3.46. The company had a trading volume of 105,612 shares, compared to its average volume of 203,196. Solaris Resources has a 12 month low of C$3.31 and a 12 month high of C$6.62. The company has a debt-to-equity ratio of 228.34, a current ratio of 4.30 and a quick ratio of 1.29. The business has a fifty day simple moving average of C$4.30 and a 200-day simple moving average of C$4.32. The company has a market cap of C$521.87 million, a price-to-earnings ratio of -9.32 and a beta of 2.00.

Insider Activity at Solaris Resources

In other news, Senior Officer Jacqueline Wagenaar sold 18,718 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of C$4.02, for a total value of C$75,220.15. 46.74% of the stock is owned by corporate insiders.

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.