Solaris Resources (TSE:SLS) PT Raised to C$9.00 at National Bankshares

Solaris Resources (TSE:SLS) had its target price boosted by National Bankshares from C$8.50 to C$9.00 in a research report released on Monday, BayStreet.CA reports.

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

Solaris Resources Stock Performance

Shares of Solaris Resources stock opened at C$3.42 on Monday. The firm has a fifty day moving average of C$4.16 and a two-hundred day moving average of C$4.30. The stock has a market capitalization of C$515.84 million, a price-to-earnings ratio of -9.24 and a beta of 2.00. Solaris Resources has a 52 week low of C$3.31 and a 52 week high of C$6.62. The company has a debt-to-equity ratio of 228.34, a quick ratio of 1.29 and a current ratio of 4.30.

Insider Activity

In other news, Senior Officer Jacqueline Wagenaar sold 18,718 shares of Solaris Resources stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$4.02, for a total value of C$75,220.15. Insiders own 46.74% of the company’s stock.

About Solaris Resources

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.