BMO Capital Markets Forecasts Strong Price Appreciation for Solaris Resources (TSE:SLS) Stock

Solaris Resources (TSE:SLS) had its target price raised by stock analysts at BMO Capital Markets from C$16.00 to C$18.00 in a research note issued to investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 43.20% from the company’s current price.

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

Solaris Resources Price Performance

Shares of TSE SLS opened at C$12.57 on Thursday. The company has a debt-to-equity ratio of 712.38, a current ratio of 4.62 and a quick ratio of 1.29. The business has a 50-day moving average of C$11.44 and a 200-day moving average of C$9.17. The stock has a market capitalization of C$2.10 billion, a price-to-earnings ratio of -34.92 and a beta of 1.67. Solaris Resources has a fifty-two week low of C$3.55 and a fifty-two week high of C$15.47.

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.