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

Solaris Resources (TSE:SLS) had its price objective boosted by National Bankshares from C$20.00 to C$22.50 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. National Bankshares’ target price suggests a potential upside of 79.00% from the company’s previous close.

Several other equities research analysts also recently commented on SLS. BMO Capital Markets boosted their price objective on Solaris Resources from C$16.00 to C$18.00 in a report on Thursday. Royal Bank Of Canada increased their price objective on Solaris Resources from C$12.00 to C$18.00 in a research note on Wednesday, December 10th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Solaris Resources has an average rating of “Buy” and a consensus target price of C$19.50.

Solaris Resources Stock Performance

TSE:SLS opened at C$12.57 on Thursday. Solaris Resources has a twelve month low of C$3.55 and a twelve month high of C$15.47. 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 firm has a market capitalization of C$2.10 billion, a P/E ratio of -34.92 and a beta of 1.67. The company has a fifty day moving average of C$11.44 and a 200-day moving average of C$9.17.

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.