Solitario Resources (NYSEAMERICAN:XPL) Rating Increased to Strong-Buy at Zacks Research

Solitario Resources (NYSEAMERICAN:XPL) (TSE:SLR) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

Separately, HC Wainwright restated a “buy” rating and issued a $1.20 price target on shares of Solitario Resources in a research report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy” and an average target price of $1.20.

Solitario Resources Stock Performance

Solitario Resources stock opened at $0.73 on Tuesday. The firm’s 50-day moving average is $0.75 and its 200-day moving average is $0.68. Solitario Resources has a 1 year low of $0.54 and a 1 year high of $0.90. The company has a market cap of $65.84 million, a P/E ratio of -10.43 and a beta of 0.51.

Institutional Trading of Solitario Resources

A number of large investors have recently modified their holdings of XPL. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Solitario Resources in the 1st quarter worth about $31,000. Focused Wealth Management Inc increased its holdings in shares of Solitario Resources by 27.0% in the 1st quarter. Focused Wealth Management Inc now owns 470,900 shares of the basic materials company’s stock worth $283,000 after acquiring an additional 100,000 shares during the period. Finally, National Bank of Canada FI increased its holdings in shares of Solitario Resources by 54.5% in the 1st quarter. National Bank of Canada FI now owns 255,000 shares of the basic materials company’s stock worth $153,000 after acquiring an additional 90,000 shares during the period. Institutional investors and hedge funds own 18.23% of the company’s stock.

Solitario Resources Company Profile

Solitario Resources Corp., an exploration stage company, engages in the acquisition and exploration of precious metal, zinc, and other base metal properties in North and South America. The company holds 50% interest in the Lik zinc-lead-silver property located in Northwest Alaska; 39% interest in the Florida Canyon zinc project located in northern Peru; and 85% interest in the Chambara exploration project located in Peru.