HC Wainwright Reiterates “Buy” Rating for Solitario Resources (NYSEAMERICAN:XPL)

Solitario Resources (NYSEAMERICAN:XPL) (TSE:SLR)‘s stock had its “buy” rating reissued by research analysts at HC Wainwright in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $1.20 price objective on the basic materials company’s stock. HC Wainwright’s price objective indicates a potential upside of 43.58% from the company’s current price.

Solitario Resources Price Performance

Shares of XPL opened at $0.84 on Monday. The firm has a 50-day moving average of $0.78 and a 200-day moving average of $0.72. Solitario Resources has a one year low of $0.54 and a one year high of $0.98. The company has a market cap of $77.07 million, a PE ratio of -16.72 and a beta of 0.41.

Institutional Trading of Solitario Resources

Several institutional investors and hedge funds have recently bought and sold shares of XPL. Renaissance Technologies LLC lifted its position in shares of 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 buying an additional 178,035 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Solitario Resources by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 650,751 shares of the basic materials company’s stock valued at $454,000 after purchasing an additional 55,958 shares during the last quarter. Focused Wealth Management Inc lifted its holdings in Solitario Resources by 7.0% during the 4th quarter. Focused Wealth Management Inc now owns 610,900 shares of the basic materials company’s stock valued at $426,000 after purchasing an additional 40,000 shares during the last quarter. Citadel Advisors LLC bought a new position in Solitario Resources during the third quarter worth $194,000. Finally, Total Wealth Planning & Management Inc. acquired a new position in shares of Solitario Resources in the fourth quarter valued at $130,000. Institutional investors 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.