Solitario Resources’ (XPL) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Solitario Resources (NYSEAMERICAN:XPL) (TSE:SLR) in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has a $1.20 target price on the basic materials company’s stock.

Solitario Resources Stock Performance

Shares of XPL opened at $0.68 on Tuesday. The firm has a market capitalization of $54.97 million, a price-to-earnings ratio of -11.25 and a beta of 0.90. Solitario Resources has a 52 week low of $0.43 and a 52 week high of $0.98.

Solitario Resources (NYSEAMERICAN:XPL) (TSE:SLR) last released its 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). Analysts forecast that Solitario Resources will post -0.05 EPS for the current year.

Institutional Investors Weigh In On Solitario Resources

Large investors have recently bought and sold shares of the company. U S Global Investors Inc. acquired a new position in shares of Solitario Resources in the 2nd quarter valued at approximately $266,000. Focused Wealth Management Inc lifted its stake in Solitario Resources by 76.7% in the second quarter. Focused Wealth Management Inc now owns 310,900 shares of the basic materials company’s stock valued at $275,000 after buying an additional 135,000 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Solitario Resources by 11.1% in the second quarter. Renaissance Technologies LLC now owns 868,872 shares of the basic materials company’s stock valued at $769,000 after buying an additional 86,854 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Solitario Resources by 11.4% during the third quarter. Geode Capital Management LLC now owns 579,870 shares of the basic materials company’s stock worth $406,000 after acquiring an additional 59,573 shares in the last quarter. Institutional investors own 18.23% of the company’s stock.

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.