Solaris Resources (TSE:SLS) Reaches New 1-Year High – Here’s What Happened

Shares of Solaris Resources Inc. (TSE:SLS) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$15.71 and last traded at C$15.36, with a volume of 234533 shares trading hands. The stock had previously closed at C$14.91.

Wall Street Analyst Weigh In

Several brokerages 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 report on Thursday, January 29th. National Bank Financial increased their price target on Solaris Resources from C$20.00 to C$22.50 in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$19.50.

Solaris Resources Trading Up 2.5%

The company has a current ratio of 3.09, a quick ratio of 1.29 and a debt-to-equity ratio of -0.84. The company has a 50-day simple moving average of C$12.96 and a 200 day simple moving average of C$11.94. The firm has a market cap of C$2.55 billion, a PE ratio of -58.81 and a beta of 1.88.

Solaris Resources (TSE:SLS) last posted its earnings results on Thursday, March 26th. The company reported C$0.10 earnings per share for the quarter. As a group, sell-side analysts forecast that Solaris Resources Inc. will post -0.31 earnings per share for the current fiscal year.

About Solaris Resources

Solaris Resources is a copper-gold exploration and development company advancing a portfolio of high-quality assets across the Americas. Its flagship asset is the 100%-owned Warintza Project in southeast Ecuador, a Tier 1 copper porphyry deposit with over 1.3 billion tonnes of Mineral Reserves and outstanding economics driven by high-grade, near-surface mineralization and a world-class strip-adjusted grade. Warintza stands out for its scale, simplicity, and strong community partnerships built through formal agreements and inclusive engagement.