Solitario Resources (XPL) Projected to Announce Earnings on Wednesday

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

Solitario Resources (NYSEAMERICAN:XPL) (TSE:SLR) last posted its earnings results on Wednesday, May 6th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate 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

Shares of Solitario Resources stock opened at $0.71 on Tuesday. The stock has a market capitalization of $66.55 million, a price-to-earnings ratio of -14.30 and a beta of 0.46. The business has a 50-day moving average of $0.77 and a 200 day moving average of $0.80. 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 set a $1.20 price target on shares of Solitario Resources in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1.20.

Institutional Trading of Solitario Resources

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