Solitario Resources (XPL) Expected to Release Earnings on Wednesday

Solitario Resources (NYSEAMERICAN:XPL) (TSE:SLR) is projected to issue its results before the market opens on Wednesday, August 5th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter.

Solitario Resources (NYSEAMERICAN:XPL) (TSE:SLR) last issued its quarterly earnings data on Wednesday, May 6th. The basic materials company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). On average, analysts expect Solitario Resources to post $-0 EPS for the current fiscal year and $-0 EPS for the next fiscal year.

Solitario Resources Price Performance

XPL stock opened at $0.73 on Wednesday. The company’s 50 day simple moving average is $0.78 and its 200-day simple moving average is $0.80. The firm has a market capitalization of $67.94 million, a PE ratio of -14.60 and a beta of 0.45. Solitario Resources has a 12 month low of $0.54 and a 12 month high of $0.98.

Analyst Ratings Changes

Separately, HC Wainwright reissued a “buy” rating and issued a $1.20 price target on shares of Solitario Resources in a report on Wednesday, July 1st. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Solitario Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $1.20.

Institutional Investors Weigh In On Solitario Resources

Several hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC grew its holdings in Solitario Resources by 15.9% in the fourth quarter. Renaissance Technologies LLC now owns 1,295,706 shares of the basic materials company’s stock valued at $903,000 after purchasing an additional 178,035 shares during the period. Geode Capital Management LLC raised its stake in Solitario Resources by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 650,751 shares of the basic materials company’s stock worth $454,000 after purchasing an additional 55,958 shares during the period. Citadel Advisors LLC acquired a new position in shares of Solitario Resources in the 3rd quarter valued at $194,000. XTX Topco Ltd grew its stake in shares of Solitario Resources by 185.0% during the 4th quarter. XTX Topco Ltd now owns 53,018 shares of the basic materials company’s stock valued at $37,000 after buying an additional 34,415 shares during the period. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Solitario Resources during the third quarter valued at about $35,000. 18.23% of the stock is owned by institutional investors and hedge funds.

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.