Solaris Resources (TSE:SLS) Given a C$12.50 Price Target at National Bankshares

Solaris Resources (TSE:SLS) has been given a C$12.50 target price by analysts at National Bankshares in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 106.95% from the stock’s previous close.

Solaris Resources Stock Performance

SLS stock traded down C$0.01 during midday trading on Tuesday, hitting C$6.04. The company’s stock had a trading volume of 231,205 shares, compared to its average volume of 259,483. The stock has a market cap of C$692.87 million, a price-to-earnings ratio of -10.52 and a beta of 1.90. 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 stock’s 50-day moving average price is C$5.82 and its 200 day moving average price is C$5.16. Solaris Resources has a 1 year low of C$2.58 and a 1 year high of C$6.46.

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.