Focused Wealth Management Inc Invests $741,000 in Solitario Resources Corp. $XPL

Focused Wealth Management Inc purchased a new stake in shares of Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) in the 2nd quarter, Holdings Channel reports. The fund purchased 984,900 shares of the basic materials company’s stock, valued at approximately $741,000.

Other large investors have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new stake in shares of Solitario Resources during the 2nd quarter worth about $80,000. Renaissance Technologies LLC lifted its position in shares of Solitario Resources by 24.4% during the 1st quarter. Renaissance Technologies LLC now owns 1,612,399 shares of the basic materials company’s stock valued at $1,322,000 after acquiring an additional 316,693 shares during the period. XTX Topco Ltd lifted its position in Solitario Resources by 185.0% during the fourth quarter. XTX Topco Ltd now owns 53,018 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 34,415 shares during the period. Total Wealth Planning & Management Inc. acquired a new stake in shares of Solitario Resources during the 4th quarter worth approximately $130,000. Finally, Geode Capital Management LLC boosted its holdings 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 purchasing an additional 55,958 shares in the last quarter. Institutional investors and hedge funds own 18.23% of the company’s stock.

Analyst Ratings Changes

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

Solitario Resources Price Performance

Shares of XPL opened at $0.80 on Tuesday. Solitario Resources Corp. has a one year low of $0.54 and a one year high of $0.98. The stock has a 50-day moving average of $0.76 and a 200-day moving average of $0.80. The company has a market cap of $75.95 million, a PE ratio of -13.37 and a beta of 0.46.

Solitario Resources (NYSEAMERICAN:XPL) (TSE:SLR) last posted its earnings results on Thursday, August 6th. The basic materials company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Analysts expect that Solitario Resources Corp. will post -0.05 EPS for the current fiscal year.

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.