Solitario Resources (NYSEAMERICAN:XPL) Receives “Buy” Rating from HC Wainwright

Solitario Resources (NYSEAMERICAN:XPL) (TSE:SLR)‘s stock had its “buy” rating reiterated by stock analysts at HC Wainwright in a research report issued on Tuesday,Benzinga reports. They presently have a $1.20 price objective on the basic materials company’s stock. HC Wainwright’s target price points to a potential upside of 92.46% from the company’s previous close.

Solitario Resources Price Performance

Shares of NYSEAMERICAN XPL opened at $0.62 on Tuesday. The firm has a market capitalization of $50.78 million, a PE ratio of -10.39 and a beta of 0.90. Solitario Resources has a 1 year low of $0.43 and a 1 year high of $0.98.

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

Institutional Trading of Solitario Resources

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its stake in Solitario Resources by 11.1% in the 2nd 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 last quarter. Geode Capital Management LLC lifted its holdings in shares of Solitario Resources by 11.4% in the 3rd quarter. Geode Capital Management LLC now owns 579,870 shares of the basic materials company’s stock valued at $406,000 after acquiring an additional 59,573 shares during the last quarter. Focused Wealth Management Inc increased its stake in Solitario Resources by 19.3% during 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 during the last quarter. Finally, U S Global Investors Inc. bought a new stake in shares of Solitario Resources in the 2nd quarter valued at approximately $266,000. 18.23% of the stock is currently owned by institutional investors.

Solitario Resources Company Profile

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.