Solaris Resources (TSE:SLS) Price Target Raised to C$14.50

Solaris Resources (TSE:SLS) had its price objective upped by equities researchers at Canaccord Genuity Group from C$13.50 to C$14.50 in a report released on Wednesday, BayStreet.CA reports. Canaccord Genuity Group’s target price would indicate a potential upside of 217.98% from the company’s previous close.

SLS has been the subject of a number of other reports. National Bankshares decreased their price target on Solaris Resources from C$10.50 to C$8.00 and set an “outperform” rating for the company in a report on Monday, January 8th. TD Securities decreased their price target 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 decreased their price target on Solaris Resources from C$17.00 to C$15.00 in a report on Friday, January 12th.

Solaris Resources Stock Performance

TSE:SLS traded down C$0.11 during trading hours on Wednesday, reaching C$4.56. The company had a trading volume of 119,656 shares, compared to its average volume of 163,221. Solaris Resources has a 1-year low of C$3.61 and a 1-year high of C$7.50. The firm has a market cap of C$805.43 million, a PE ratio of -9.91 and a beta of 2.00. The business’s 50 day moving average price is C$4.24 and its 200-day moving average price is C$4.58. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.81 and a quick ratio of 1.29.

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.