Shares of Solitario Resources Corp. (NYSEAMERICAN:XPL – Get Free Report) (TSE:SLR) crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $0.79 and traded as low as $0.6220. Solitario Resources shares last traded at $0.6564, with a volume of 217,922 shares traded.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright reaffirmed a “buy” rating and set a $1.20 price target on shares of Solitario Resources in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Solitario Resources presently has a consensus rating of “Moderate Buy” and an average price target of $1.20.
View Our Latest Report on Solitario Resources
Solitario Resources Stock Down 1.4%
Solitario Resources (NYSEAMERICAN:XPL – Get Free Report) (TSE:SLR) last released its quarterly earnings data 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, research analysts forecast that Solitario Resources Corp. will post -0.05 EPS for the current fiscal year.
Institutional Investors Weigh In On Solitario Resources
Several institutional investors have recently bought and sold shares of XPL. GSA Capital Partners LLP purchased a new position in shares of Solitario Resources in the 2nd quarter valued at $80,000. Focused Wealth Management Inc lifted its holdings in shares of 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 valued at $626,000 after acquiring an additional 152,000 shares in the last quarter. Total Wealth Planning & Management Inc. purchased a new stake in Solitario Resources during the 4th quarter worth $130,000. Finally, Renaissance Technologies LLC boosted its position in Solitario Resources by 24.4% during the 1st quarter. Renaissance Technologies LLC now owns 1,612,399 shares of the basic materials company’s stock worth $1,322,000 after purchasing an additional 316,693 shares during the period. 18.23% of the stock is currently owned by hedge funds and other institutional investors.
Solitario Resources Company Profile
Solitario Resources Corp. is a mineral exploration company focused on the discovery and advancement of precious- and base-metal deposits. The company’s activities include acquiring, evaluating and exploring mineral properties, with an emphasis on gold and zinc projects. Solitario is an exploration-stage company rather than a diversified mining producer, and its projects are subject to the risks and uncertainties associated with exploration and development.
The company’s principal assets have included the Golden Crest gold project in South Dakota and the Lik zinc-lead-silver project in Alaska.
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