Solitario Resources (NYSEAMERICAN:XPL – Get Free Report) (TSE:SLR)‘s stock had its “buy” rating reaffirmed by analysts at HC Wainwright in a report released on Wednesday,Benzinga reports. They currently have a $1.20 price target on the basic materials company’s stock. HC Wainwright’s price target would suggest a potential upside of 59.49% from the company’s current price.
Solitario Resources Price Performance
Shares of Solitario Resources stock opened at $0.75 on Wednesday. The firm has a market cap of $70.03 million, a P/E ratio of -15.05 and a beta of 0.43. The firm has a 50 day simple moving average of $0.83 and a 200 day simple moving average of $0.79. Solitario Resources has a fifty-two week low of $0.54 and a fifty-two week high of $0.98.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV bought a new stake in shares of Solitario Resources during the third quarter worth approximately $35,000. XTX Topco Ltd boosted its stake in Solitario Resources by 185.0% in the fourth quarter. XTX Topco Ltd now owns 53,018 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 34,415 shares during the last quarter. Total Wealth Planning & Management Inc. acquired a new stake in Solitario Resources during the 4th quarter worth $130,000. Citadel Advisors LLC acquired a new stake in Solitario Resources during the 3rd quarter worth $194,000. Finally, Focused Wealth Management Inc raised its position in shares of Solitario Resources by 7.0% during the 4th quarter. Focused Wealth Management Inc now owns 610,900 shares of the basic materials company’s stock valued at $426,000 after acquiring an additional 40,000 shares during the last quarter. Institutional investors own 18.23% of the company’s stock.
About Solitario Resources
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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