Eight Capital Lowers Solaris Resources (TSE:SLS) Price Target to C$15.00

Solaris Resources (TSE:SLS) had its target price lowered by Eight Capital from C$23.50 to C$15.00 in a research note issued to investors on Thursday, BayStreet.CA reports.

Several other equities research analysts have also commented on the company. TD Securities dropped their price target on Solaris Resources from C$17.00 to C$14.00 and set a buy rating for the company in a research note on Thursday, June 20th. Canaccord Genuity Group upped their price target on Solaris Resources from C$13.50 to C$14.50 in a research note on Wednesday, April 17th. Finally, BMO Capital Markets dropped their price target on Solaris Resources from C$15.00 to C$14.00 and set an outperform rating for the company in a research note on Tuesday, June 11th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of Buy and a consensus price target of C$13.10.

Solaris Resources Stock Performance

Shares of TSE:SLS opened at C$3.88 on Thursday. The firm has a market capitalization of C$585.22 million, a PE ratio of -10.49 and a beta of 2.00. The company has a debt-to-equity ratio of 228.34, a current ratio of 4.30 and a quick ratio of 1.29. The business has a 50-day moving average of C$4.50 and a two-hundred day moving average of C$4.34. Solaris Resources has a 12 month low of C$3.61 and a 12 month high of C$6.62.

Insider Activity

In other news, Senior Officer Jacqueline Wagenaar sold 18,718 shares of the stock in a transaction dated Monday, June 24th. The stock was sold at an average price of C$4.02, for a total value of C$75,220.15. Insiders own 46.74% of the company’s stock.

Solaris Resources Company Profile

Solaris Resources Inc engages in exploration of mineral properties. It focuses on exploring copper, molybdenum, gold, lead, zinc, and silver. The company's flagship project is the 100% owned Warintza Copper and Gold Project comprising nine metallic mineral concessions, which covers an area of 268 km2 located in Ecuador.