Solitario Resources (NYSEAMERICAN:XPL) Announces Quarterly Earnings Results

Solitario Resources (NYSEAMERICAN:XPL) (TSE:SLR) announced its quarterly earnings results on Thursday. The basic materials company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01), FiscalAI reports.

Solitario Resources Price Performance

Shares of XPL remained flat at $0.74 during trading hours on Thursday. 40,373 shares of the stock traded hands, compared to its average volume of 273,281. The stock has a market capitalization of $68.87 million, a PE ratio of -14.80 and a beta of 0.46. The company’s 50 day moving average price is $0.77 and its two-hundred day moving average price is $0.80. Solitario Resources has a fifty-two week low of $0.54 and a fifty-two week high of $0.98.

Hedge Funds Weigh In On Solitario Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd grew its stake in Solitario Resources by 185.0% during the fourth quarter. XTX Topco Ltd now owns 53,018 shares of the basic materials company’s stock worth $37,000 after buying an additional 34,415 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Solitario Resources by 15.9% in the fourth quarter. Renaissance Technologies LLC now owns 1,295,706 shares of the basic materials company’s stock valued at $903,000 after acquiring an additional 178,035 shares during the last quarter. Geode Capital Management LLC grew its position in Solitario Resources by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 650,751 shares of the basic materials company’s stock worth $454,000 after acquiring an additional 55,958 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in Solitario Resources during the 3rd quarter valued at $35,000. Finally, Citadel Advisors LLC bought a new position in Solitario Resources in the 3rd quarter valued at $194,000. 18.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, HC Wainwright reaffirmed a “buy” rating and set a $1.20 target price on shares of Solitario Resources in a research report on Wednesday, July 1st. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1.20.

Solitario Resources Company Profile

Solitario Resources Corp. is a mineral exploration and development company focused on base and precious metals in the Americas. Headquartered in Englewood, Colorado, the firm targets copper, gold and silver through a combination of strategic acquisitions, grassroots exploration and joint-venture partnerships. Solitario’s work spans the full project life cycle from early-stage target generation and permitting through advanced stage resource definition and prefeasibility studies.

The company’s project portfolio includes a range of properties across North and South America.