Solaris Resources (TSE:SLS) Given New C$18.00 Price Target at BMO Capital Markets

Solaris Resources (TSE:SLS) had its price objective increased by research analysts at BMO Capital Markets from C$16.00 to C$18.00 in a research report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 26.67% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Royal Bank Of Canada raised their price target on shares of Solaris Resources from C$12.00 to C$18.00 in a report on Wednesday, December 10th. National Bankshares raised their price objective on Solaris Resources from C$17.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Thursday, December 11th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Solaris Resources currently has an average rating of “Buy” and a consensus price target of C$19.50.

Solaris Resources Stock Down 2.4%

TSE SLS traded down C$0.35 during trading on Thursday, hitting C$14.21. The company’s stock had a trading volume of 837,267 shares, compared to its average volume of 517,347. Solaris Resources has a fifty-two week low of C$3.55 and a fifty-two week high of C$15.47. The company has a debt-to-equity ratio of 712.38, a current ratio of 4.62 and a quick ratio of 1.29. The company has a market cap of C$2.37 billion, a PE ratio of -39.47 and a beta of 1.67. The business’s 50 day simple moving average is C$11.29 and its 200-day simple moving average is C$9.10.

About Solaris Resources

Solaris Resources Inc is advancing a portfolio of copper and gold assets in the Americas, which includes a high-grade resource with expansion and additional discovery potential at the Warintza copper and gold project in Ecuador; discovery potential on the grass-roots Tamarugo project in Chile and Capricho and Paco Orco projects in Peru; exposure to $130M spending 5-yrs through a farm-out agreement with Freeport-McMoRan on the Ricardo Project in Chile; and leverage to increasing copper prices through the 60% interest in the development-stage La Verde joint-venture project with Teck Resources in Mexico.