Solitario Resources’ (XPL) Buy Rating Reiterated at HC Wainwright

Solitario Resources (NYSEAMERICAN:XPL) (TSE:SLR)‘s stock had its “buy” rating restated by HC Wainwright in a research note issued on Wednesday,Benzinga reports. They presently have a $1.20 price target on the basic materials company’s stock. HC Wainwright’s target price points to a potential upside of 59.49% from the stock’s previous close.

Solitario Resources Trading Down 0.7%

Shares of XPL opened at $0.75 on Wednesday. Solitario Resources has a 1 year low of $0.54 and a 1 year high of $0.98. The stock has a market cap of $70.03 million, a P/E ratio of -15.05 and a beta of 0.43. The stock’s 50-day moving average price is $0.83 and its two-hundred day moving average price is $0.79.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC increased its stake in Solitario Resources by 24.4% in the first quarter. Renaissance Technologies LLC now owns 1,612,399 shares of the basic materials company’s stock valued at $1,322,000 after purchasing an additional 316,693 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of Solitario Resources in the 3rd quarter valued at $194,000. Total Wealth Planning & Management Inc. acquired a new stake in Solitario Resources during the 4th quarter worth $130,000. Focused Wealth Management Inc lifted its holdings in Solitario Resources by 24.9% during the first quarter. Focused Wealth Management Inc now owns 762,900 shares of the basic materials company’s stock worth $626,000 after acquiring an additional 152,000 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Solitario Resources by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 650,751 shares of the basic materials company’s stock valued at $454,000 after acquiring an additional 55,958 shares during the period. Institutional investors and hedge funds own 18.23% of the company’s stock.

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.