National Bankshares Forecasts Strong Price Appreciation for Solaris Resources (TSE:SLS) Stock

Solaris Resources (TSE:SLS) had its price target boosted by National Bankshares from C$17.00 to C$20.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target would suggest a potential upside of 83.32% from the company’s previous close.

Separately, Royal Bank Of Canada increased their target price on shares of Solaris Resources from C$12.00 to C$18.00 in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$19.00.

Solaris Resources Trading Down 0.8%

Shares of TSE SLS opened at C$10.91 on Thursday. Solaris Resources has a 1-year low of C$3.55 and a 1-year high of C$11.09. The business has a fifty day moving average price of C$9.42 and a 200 day moving average price of C$7.88. The stock has a market capitalization of C$1.82 billion, a P/E ratio of -30.31 and a beta of 1.68. The company has a debt-to-equity ratio of 712.38, a current ratio of 4.62 and a quick ratio of 1.29.

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.