Zacks Investment Research lowered shares of Solitario Zinc (NYSEAMERICAN:XPL) (TSE:SLR) from a hold rating to a sell rating in a research note issued to investors on Friday, reports.

According to Zacks, “Solitario is a gold, silver, platinum-palladium, and base metal exploration company actively exploring in Brazil, Mexico and Peru. Solitario has significant business relationships with Anglo Platinum, Newmont Mining and Votorantim Metais. Solitario has approximately US$24 million in cash and marketable securities and no debt. Solitario is traded on the American Stock Exchange (AMEX: XPL) and on the Toronto Stock Exchange (TSX: SLR). “

Separately, HC Wainwright reaffirmed a buy rating and set a $1.00 target price on shares of Solitario Zinc in a report on Wednesday, January 23rd.

Solitario Zinc stock opened at $0.35 on Friday. Solitario Zinc has a 52 week low of $0.19 and a 52 week high of $0.54.

Solitario Zinc (NYSEAMERICAN:XPL) (TSE:SLR) last posted its earnings results on Monday, March 4th. The basic materials company reported ($0.01) EPS for the quarter.

Solitario Zinc Company Profile

Solitario Zinc Corp., an exploration stage company, engages in the acquisition, exploration, and development of zinc properties in North and South America. It primarily owns a 39% interest in the Florida Canyon zinc project located in northern Peru; and a 50% interest in the Lik zinc-lead-silver property located in Northwest Alaska.

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