National Bankshares Forecasts Strong Price Appreciation for Solaris Resources (TSE:SLS) Stock

Solaris Resources (TSE:SLS) had its price target increased by equities research analysts at National Bankshares from C$20.00 to C$22.50 in a report issued on Thursday,BayStreet.CA reports. National Bankshares’ price target indicates a potential upside of 58.34% from the stock’s previous close.

A number of other research analysts also recently commented on SLS. BMO Capital Markets boosted their price target on Solaris Resources from C$16.00 to C$18.00 in a research note on Thursday. Royal Bank Of Canada boosted their target price on shares of Solaris Resources from C$12.00 to C$18.00 in a research report on Wednesday, December 10th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$19.50.

Solaris Resources Price Performance

TSE SLS traded down C$0.35 during midday trading on Thursday, hitting C$14.21. The company had a trading volume of 837,267 shares, compared to its average volume of 517,347. The company has a market capitalization of C$2.37 billion, a PE ratio of -39.47 and a beta of 1.67. The company has a current ratio of 4.62, a quick ratio of 1.29 and a debt-to-equity ratio of 712.38. The firm has a 50-day moving average price of C$11.29 and a 200-day moving average price of C$9.10. Solaris Resources has a twelve month low of C$3.55 and a twelve month high of C$15.47.

Solaris Resources Company Profile

Solaris Resources Inc is advancing a portfolio of copper and gold assets in the Americas, which includes a high-grade resource with expansion and additional discovery potential at the Warintza copper and gold project in Ecuador; discovery potential on the grass-roots Tamarugo project in Chile and Capricho and Paco Orco projects in Peru; exposure to $130M spending 5-yrs through a farm-out agreement with Freeport-McMoRan on the Ricardo Project in Chile; and leverage to increasing copper prices through the 60% interest in the development-stage La Verde joint-venture project with Teck Resources in Mexico.