Solaris Resources (TSE:SLS) Price Target Raised to C$18.00

Solaris Resources (TSE:SLS) had its price objective increased by BMO Capital Markets from C$16.00 to C$18.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports.

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

Solaris Resources Stock Down 13.1%

Shares of Solaris Resources stock opened at C$12.57 on Thursday. Solaris Resources has a twelve month low of C$3.55 and a twelve month high of C$15.47. The stock has a market cap of C$2.10 billion, a price-to-earnings ratio of -34.92 and a beta of 1.67. The company has a current ratio of 4.62, a quick ratio of 1.29 and a debt-to-equity ratio of 712.38. The company has a fifty day moving average price of C$11.44 and a 200 day moving average price of C$9.18.

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.