Zacks Investment Research lowered shares of Solitario Zinc (NYSEAMERICAN:XPL) (TSE:SLR) from a hold rating to a sell rating in a report released on Saturday morning.

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 set a $1.00 price objective on Solitario Zinc and gave the stock a buy rating in a research note on Wednesday.

NYSEAMERICAN XPL opened at $0.27 on Friday. Solitario Zinc has a 52 week low of $0.26 and a 52 week high of $0.71.

Solitario Zinc (NYSEAMERICAN:XPL) (TSE:SLR) last posted its quarterly earnings data on Friday, November 2nd. 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 Peru and Alaska. Its principal mineral property assets are the 39% interest in the Florida Canyon zinc project located in Peru; and the 50% interest in the Lik zinc deposit located in Alaska.

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