Solaris Resources (TSE:SLS) Given New C$14.50 Price Target at Canaccord Genuity Group

Solaris Resources (TSE:SLS) had its price objective raised by Canaccord Genuity Group from C$13.50 to C$14.50 in a report issued on Wednesday, BayStreet.CA reports.

Several other equities research analysts also recently issued reports on the company. National Bankshares decreased their price target on Solaris Resources from C$10.50 to C$8.00 and set an outperform rating for the company in a report on Monday, January 8th. TD Securities reduced their price objective on Solaris Resources from C$20.00 to C$17.00 and set a speculative buy rating for the company in a research note on Tuesday, March 5th. Finally, BMO Capital Markets decreased their target price on Solaris Resources from C$17.00 to C$15.00 in a research report on Friday, January 12th.

Solaris Resources Trading Down 2.4 %

Shares of Solaris Resources stock opened at C$4.56 on Wednesday. The stock has a fifty day simple moving average of C$4.26 and a 200 day simple moving average of C$4.58. Solaris Resources has a 12-month low of C$3.61 and a 12-month high of C$7.50. The company has a market capitalization of C$805.43 million, a P/E ratio of -9.91 and a beta of 2.00. The company has a current ratio of 1.81, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53.

About Solaris Resources

Solaris Resources Inc engages in exploration of mineral properties. It focuses on exploring copper, molybdenum, gold, lead, zinc, and silver. The company's flagship project is the 100% owned Warintza Copper and Gold Project comprising nine metallic mineral concessions, which covers an area of 268 km2 located in Ecuador.