Zacks Investment Research Downgrades Solitario Zinc (XPL) to Sell

Solitario Zinc (NYSEAMERICAN:XPL) (TSE:SLR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Saturday.

According to Zacks, “Solitario is a gold, silver, platinum-palladium, and base metal exploration company actively exploring in Brazil, Mexico and Peru. Solitario has significant business relationships with Anglo Platinum, Newmont Mining and Votorantim Metais. Solitario has approximately US$24 million in cash and marketable securities and no debt. Solitario is traded on the American Stock Exchange (AMEX: XPL) and on the Toronto Stock Exchange (TSX: SLR). “

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Separately, HC Wainwright set a $1.00 price objective on shares of Solitario Zinc and gave the company a “buy” rating in a report on Wednesday, April 4th.

XPL opened at $0.46 on Friday. Solitario Zinc has a twelve month low of $0.43 and a twelve month high of $0.91.

Solitario Zinc (NYSEAMERICAN:XPL) (TSE:SLR) last released its quarterly earnings data on Thursday, March 15th. The basic materials company reported ($0.01) earnings per share for the quarter.

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About Solitario Zinc

Solitario Zinc Corp., a zinc focused exploration company, engages in the acquisition, exploration, and development of zinc properties in North and South America. The company has joint venture interests in the Florida Canyon Zinc Project in Peru; and the Lik Zinc Project in Alaska. In addition, it has an additional portfolio of exploration properties and royalties in the Americas.

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