National Bankshares Issues Positive Forecast for Solaris Resources (TSE:SLS) Stock Price

Solaris Resources (TSE:SLS) had its price objective increased by equities research analysts at National Bankshares from C$20.00 to C$22.50 in a report released on Thursday,BayStreet.CA reports. National Bankshares’ price target would indicate a potential upside of 58.34% from the company’s previous close.

Several other equities research analysts also recently issued reports on SLS. BMO Capital Markets raised their target price on shares of Solaris Resources from C$16.00 to C$18.00 in a research note on Thursday. Royal Bank Of Canada raised their price objective on Solaris Resources from C$12.00 to C$18.00 in a research report on Wednesday, December 10th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$19.50.

Solaris Resources Stock Performance

TSE SLS traded down C$0.35 on Thursday, hitting C$14.21. 837,267 shares of the stock were exchanged, compared to its average volume of 517,347. The company has a market capitalization of C$2.37 billion, a PE ratio of -39.47 and a beta of 1.67. 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 business’s fifty day moving average is C$11.29 and its 200 day moving average is C$9.10. Solaris Resources has a 52 week low of C$3.55 and a 52 week high of C$15.47.

About Solaris Resources

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.