Canaccord Genuity Group Raises Solaris Resources (TSE:SLS) Price Target to C$16.00

Solaris Resources (TSE:SLS) had its price target hoisted by Canaccord Genuity Group from C$14.50 to C$16.00 in a research note published on Monday, BayStreet.CA reports.

A number of other analysts also recently issued reports on SLS. TD Securities dropped their price objective on shares of Solaris Resources from C$17.00 to C$14.00 and set a buy rating for the company in a report on Thursday, June 20th. National Bankshares boosted their price target on shares of Solaris Resources from C$8.50 to C$9.00 in a research note on Monday. BMO Capital Markets lowered their price target on shares of Solaris Resources from C$15.00 to C$14.00 and set an outperform rating for the company in a research note on Tuesday, June 11th. Finally, Eight Capital lowered their price target on shares of Solaris Resources from C$23.50 to C$15.00 in a research note on Thursday, July 11th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of Buy and an average price target of C$13.60.

Solaris Resources Stock Performance

TSE SLS opened at C$3.42 on Monday. Solaris Resources has a 52-week low of C$3.31 and a 52-week high of C$6.62. The company has a debt-to-equity ratio of 228.34, a quick ratio of 1.29 and a current ratio of 4.30. The company has a market capitalization of C$515.84 million, a P/E ratio of -9.24 and a beta of 2.00. The company has a fifty day moving average of C$4.16 and a 200-day moving average of C$4.30.

Insiders Place Their Bets

In related news, Senior Officer Jacqueline Wagenaar sold 18,718 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of C$4.02, for a total transaction of C$75,220.15. Company insiders own 46.74% of the company’s stock.

Solaris Resources Company Profile

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.