Solitario Resources (NYSEAMERICAN:XPL) Stock Passes Above Fifty Day Moving Average – What’s Next?

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.64 and traded as high as $0.6997. Solitario Resources shares last traded at $0.6968, with a volume of 413,586 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of Solitario Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1.20.

Solitario Resources Stock Up 6.3%

The firm’s 50-day simple moving average is $0.64 and its 200 day simple moving average is $0.69. The stock has a market capitalization of $63.34 million, a P/E ratio of -11.61 and a beta of 0.40.

Institutional Investors Weigh In On Solitario Resources

Institutional investors and hedge funds have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV acquired a new position in shares of Solitario Resources in the 3rd quarter worth $35,000. Citadel Advisors LLC acquired a new position in shares of Solitario Resources in the 3rd quarter valued at $194,000. Finally, Focused Wealth Management Inc increased its stake in Solitario Resources by 21.2% in the 2nd quarter. Focused Wealth Management Inc now owns 570,900 shares of the basic materials company’s stock worth $371,000 after purchasing an additional 100,000 shares in the last quarter. 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.