HC Wainwright Reiterates Buy Rating for Solitario Resources (NYSEAMERICAN:XPL)

Solitario Resources (NYSEAMERICAN:XPL) (TSE:SLR)‘s stock had its “buy” rating reaffirmed by research analysts at HC Wainwright in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $1.20 price objective on the basic materials company’s stock. HC Wainwright’s target price suggests a potential upside of 83.49% from the stock’s current price.

Solitario Resources Trading Up 6.5 %

NYSEAMERICAN:XPL opened at $0.65 on Tuesday. Solitario Resources has a 1-year low of $0.43 and a 1-year high of $0.98. The stock has a market capitalization of $53.26 million, a price-to-earnings ratio of -10.90 and a beta of 0.90.

Solitario Resources (NYSEAMERICAN:XPL) (TSE:SLR) last issued its quarterly earnings data on Monday, November 11th. The basic materials company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Equities analysts expect that Solitario Resources will post -0.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Solitario Resources

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC grew its holdings in shares of Solitario Resources by 11.4% in the third quarter. Geode Capital Management LLC now owns 579,870 shares of the basic materials company’s stock valued at $406,000 after purchasing an additional 59,573 shares in the last quarter. Focused Wealth Management Inc grew its stake in shares of Solitario Resources by 19.3% in the third quarter. Focused Wealth Management Inc now owns 370,900 shares of the basic materials company’s stock worth $260,000 after acquiring an additional 60,000 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Solitario Resources by 11.1% during the second quarter. Renaissance Technologies LLC now owns 868,872 shares of the basic materials company’s stock worth $769,000 after acquiring an additional 86,854 shares during the period. Finally, U S Global Investors Inc. acquired a new stake in shares of Solitario Resources in the second quarter valued at $266,000. 18.23% of the stock is owned by hedge funds and other institutional investors.

About Solitario Resources

Solitario Resources Corp., an exploration stage company, engages in the acquisition and exploration of precious metal, zinc, and other base metal properties in North and South America. The company holds 50% interest in the Lik zinc-lead-silver property located in Northwest Alaska; 39% interest in the Florida Canyon zinc project located in northern Peru; and 85% interest in the Chambara exploration project located in Peru.