Solaris Resources (TSE:SLS) Price Target Raised to C$20.00

Solaris Resources (TSE:SLS) had its price objective raised by National Bankshares from C$17.00 to C$20.00 in a research note released on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Separately, Royal Bank Of Canada increased their price target on Solaris Resources from C$12.00 to C$18.00 in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Solaris Resources currently has an average rating of “Buy” and a consensus target price of C$19.00.

Solaris Resources Stock Performance

Shares of TSE SLS opened at C$10.91 on Thursday. The stock has a market cap of C$1.82 billion, a PE ratio of -30.31 and a beta of 1.68. Solaris Resources has a 1 year low of C$3.55 and a 1 year high of C$11.09. The firm has a fifty day moving average price of C$9.42 and a 200-day moving average price of C$7.89. The company has a debt-to-equity ratio of 712.38, a current ratio of 4.62 and a quick ratio of 1.29.

About Solaris Resources

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.