Solaris Resources (TSE:SLS) Price Target Raised to C$13.50

Solaris Resources (TSE:SLS) had its price target lifted by National Bankshares from C$12.50 to C$13.50 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Solaris Resources Trading Down 2.2%

Shares of Solaris Resources stock opened at C$8.39 on Wednesday. The company has a current ratio of 4.62, a quick ratio of 1.29 and a debt-to-equity ratio of 712.38. Solaris Resources has a twelve month low of C$3.00 and a twelve month high of C$8.67. The firm has a market capitalization of C$1.39 billion, a PE ratio of -20.46 and a beta of 1.82. The firm’s 50-day moving average price is C$7.30 and its 200 day moving average price is C$6.26.

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.