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

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

Several other analysts have also recently issued reports on the company. Eight Capital decreased their price objective on Solaris Resources from C$23.50 to C$15.00 in a report on Thursday, July 11th. Canaccord Genuity Group upped their price objective on Solaris Resources from C$13.50 to C$14.50 in a report on Wednesday, April 17th. BMO Capital Markets decreased their price objective on 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. Finally, TD Securities decreased their price objective on 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. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of Buy and a consensus price target of C$13.60.

Solaris Resources Trading Up 0.3 %

SLS stock opened at C$3.42 on Monday. Solaris Resources has a 1-year low of C$3.31 and a 1-year high of C$6.62. The company has a debt-to-equity ratio of 228.34, a current ratio of 4.30 and a quick ratio of 1.29. The company has a market capitalization of C$515.84 million, a price-to-earnings ratio of -9.24 and a beta of 2.00. The business has a 50 day simple moving average of C$4.16 and a two-hundred day simple moving average of C$4.30.

Insider Activity at Solaris Resources

In related news, Senior Officer Jacqueline Wagenaar sold 18,718 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of C$4.02, for a total transaction of C$75,220.15. 46.74% of the stock is currently owned by insiders.

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.