Solaris Resources (TSE:SLS – Get Rating) Analysts dropped their price target on National Bancshares from C$22.00 to C$16.00 in a note to investors on Wednesday, BayStreet.CA reports. National Bankshares’ target price would indicate a potential upside of 138.10% from the company’s current price.
Other equities analysts also recently issued reports on the stock. Eight Capital upped their price target on shares of Solaris Resources from C$20.00 to C$23.50 and gave the stock a “buy” rating in a research note on Tuesday, April 19th. Scotiabank boosted their price target on shares of Solaris Resources from C$18.00 to C$19.50 in a research note on Tuesday, April 19th. Royal Bank of Canada boosted their target price on shares of Solaris Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 19th. Finally, TD Securities boosted their target price on shares of Solaris Resources from C$22.00 to C$25.00 and gave the stock a “speculative buy” rating in a research report on Wednesday, April 20th. Five research analysts have rated the stock with a buy rating, according to MarketBeat .The company presently has an average rating of “Buy” and an average target price of C$20.50.
TSE:SLS traded down C$0.37 during trading on Wednesday, hitting C$6.72. 235,979 shares of the stock traded hands compared to its average volume of 216,477. The firm has a 50-day moving average price of C$10.67 and a 200-day moving average price of C$12.90. The company has a current ratio of 1.64, a quick ratio of 1.55 and a debt-to-equity ratio of 1.03. Solaris Resources has a fifty-two week low of C$6.50 and a fifty-two week high of C$17.17. The firm has a market cap of C$762.16 million and a price-to-earnings ratio of -9.36.
In related news, senior officer Jacqueline Wagenaar bought 5,500 shares of Solaris Resources stock in a transaction that occurred on Thursday, June 16th. The stock was acquired at an average price of C$9.31 per share for a total transaction of C$51,205.00. Following the completion of the purchase, the insider now owns 162,280 shares in the company, valued at C$1,510,826.80. Also, SVP Sunny Lowe purchased 8,200 shares of Solaris Resources stock in a transaction that occurred on Monday, April 25th. The stock was bought at an average price of C$12.20 per share, for a total value of C$100,080.18. Following the purchase, the insider now owns 8,200 shares of the company’s stock, valued at approximately C$100,080.18.
Solaris Resources Company Profile (get rating)
Solaris Resources Inc is engaged in the acquisition, exploration and development of mineral properties. It focuses on exploring copper, molybdenum, gold, lead, zinc and silver. The company’s flagship project is the 100% owned Varintza copper and gold project, consisting of eight metallic mineral concessions, covering an area of 268 km2 in Ecuador.
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