Solitario Resources (NYSEAMERICAN:XPL) Shares Pass Below 200-Day Moving Average – Should You Sell?

Solitario Resources Corp. (NYSEAMERICAN:XPLGet Free Report) (TSE:SLR) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.80 and traded as low as $0.5950. Solitario Resources shares last traded at $0.6020, with a volume of 102,005 shares trading hands.

Analyst Ratings Changes

Separately, HC Wainwright restated a “buy” rating and issued a $1.20 target price on shares of Solitario Resources in a report on Wednesday, July 1st. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1.20.

Check Out Our Latest Stock Analysis on Solitario Resources

Solitario Resources Trading Up 3.0%

The company has a 50-day simple moving average of $0.74 and a 200 day simple moving average of $0.80. The company has a market cap of $58.69 million, a P/E ratio of -10.33 and a beta of 0.48.

Solitario Resources (NYSEAMERICAN:XPLGet Free Report) (TSE:SLR) last released its earnings results on Thursday, August 6th. The basic materials company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). On average, equities analysts forecast that Solitario Resources Corp. will post -0.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Solitario Resources

A number of hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd increased its position in shares of Solitario Resources by 185.0% during the fourth quarter. XTX Topco Ltd now owns 53,018 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 34,415 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Solitario Resources in the third quarter valued at approximately $35,000. Geode Capital Management LLC boosted its holdings in shares of Solitario Resources by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 650,751 shares of the basic materials company’s stock valued at $454,000 after purchasing an additional 55,958 shares during the period. GSA Capital Partners LLP bought a new position in Solitario Resources in the second quarter worth approximately $80,000. Finally, Focused Wealth Management Inc increased its holdings in Solitario Resources by 24.9% during the 1st quarter. Focused Wealth Management Inc now owns 762,900 shares of the basic materials company’s stock worth $626,000 after purchasing an additional 152,000 shares during the period. 18.23% of the stock is currently owned by institutional investors.

Solitario Resources Company Profile

(Get Free Report)

Solitario Resources Corp. is a mineral exploration and development company focused on base and precious metals in the Americas. Headquartered in Englewood, Colorado, the firm targets copper, gold and silver through a combination of strategic acquisitions, grassroots exploration and joint-venture partnerships. Solitario’s work spans the full project life cycle from early-stage target generation and permitting through advanced stage resource definition and prefeasibility studies.

The company’s project portfolio includes a range of properties across North and South America.

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