Solaris Resources (TSE:SLS) Reaches New 1-Year High on Analyst Upgrade

Solaris Resources Inc. (TSE:SLS)’s share price hit a new 52-week high on Thursday after National Bankshares raised their price target on the stock from C$20.00 to C$22.50. The company traded as high as C$14.71 and last traded at C$14.56, with a volume of 672496 shares. The stock had previously closed at C$13.98.

SLS has been the topic of a number of other reports. BMO Capital Markets raised their price target on Solaris Resources from C$16.00 to C$18.00 in a research note on Thursday. Royal Bank Of Canada increased their price objective on shares of Solaris Resources from C$12.00 to C$18.00 in a report on Wednesday, December 10th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$19.50.

Solaris Resources Price Performance

The stock has a market cap of C$2.10 billion, a PE ratio of -34.92 and a beta of 1.67. The company has a quick ratio of 1.29, a current ratio of 4.62 and a debt-to-equity ratio of 712.38. The company’s fifty day moving average is C$11.44 and its 200 day moving average is C$9.17.

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.