National Bankshares Forecasts Strong Price Appreciation for Solaris Resources (TSE:SLS) Stock

Solaris Resources (TSE:SLS) had its price target boosted by analysts at National Bankshares from C$17.00 to C$20.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price suggests a potential upside of 81.65% from the stock’s previous close.

Separately, Royal Bank Of Canada increased their price objective on Solaris Resources from C$12.00 to C$18.00 in a research report on Wednesday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Solaris Resources currently has an average rating of “Buy” and an average price target of C$19.00.

Solaris Resources Stock Performance

Shares of SLS stock traded up C$0.13 during trading hours on Thursday, reaching C$11.01. 357,996 shares of the company’s stock were exchanged, compared to its average volume of 289,302. 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’s 50 day moving average is C$9.34 and its two-hundred day moving average is C$7.83. The company has a market cap of C$1.84 billion, a P/E ratio of -30.58 and a beta of 1.68. Solaris Resources has a 1 year low of C$3.55 and a 1 year high of C$11.09.

Solaris Resources Company Profile

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.