Solaris Resources (TSE:SLS) Hits New 12-Month High – Should You Buy?

Solaris Resources Inc. (TSE:SLS)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$10.17 and last traded at C$10.04, with a volume of 47943 shares. The stock had previously closed at C$9.85.

Analysts Set New Price Targets

Separately, National Bankshares lifted their price objective on shares of Solaris Resources from C$12.50 to C$13.50 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$13.50.

Solaris Resources Trading Up 1.4%

The business’s 50 day moving average price is C$8.16 and its two-hundred day moving average price is C$7.13. The company has a debt-to-equity ratio of 712.38, a quick ratio of 1.29 and a current ratio of 4.62. The company has a market capitalization of C$1.66 billion, a price-to-earnings ratio of -24.37 and a beta of 1.99.

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.