BMO Capital Markets Raises Solaris Resources (TSE:SLS) Price Target to C$18.00

Solaris Resources (TSE:SLS) had its price objective increased by analysts at BMO Capital Markets from C$16.00 to C$18.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 26.67% from the stock’s previous close.

A number of other analysts also recently weighed in on the stock. Royal Bank Of Canada boosted their target price on shares of Solaris Resources from C$12.00 to C$18.00 in a report on Wednesday, December 10th. National Bankshares lifted their price target on Solaris Resources from C$17.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Thursday, December 11th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$19.50.

Solaris Resources Price Performance

Shares of TSE:SLS traded down C$0.35 during midday trading on Thursday, reaching C$14.21. 837,267 shares of the company were exchanged, compared to its average volume of 517,347. The stock has a market cap of C$2.37 billion, a PE ratio of -39.47 and a beta of 1.67. The business’s fifty day moving average is C$11.29 and its two-hundred day moving average is C$9.10. Solaris Resources has a one year low of C$3.55 and a one year high of C$15.47. The company has a current ratio of 4.62, a quick ratio of 1.29 and a debt-to-equity ratio of 712.38.

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.