Solaris Resources (TSE:SLS) Posts Earnings Results

Solaris Resources (TSE:SLS) announced its quarterly earnings data on Friday. The company reported C$0.04 EPS for the quarter, FiscalAI reports.

Solaris Resources Stock Down 3.8%

Shares of SLS stock traded down C$0.38 on Friday, reaching C$9.53. 532,819 shares of the stock were exchanged, compared to its average volume of 406,243. The company has a current ratio of 8.42, a quick ratio of 1.29 and a debt-to-equity ratio of -0.67. The business’s 50 day moving average price is C$10.03 and its 200 day moving average price is C$11.94. The company has a market capitalization of C$1.59 billion, a price-to-earnings ratio of -52.94 and a beta of 2.02. Solaris Resources has a twelve month low of C$8.75 and a twelve month high of C$15.71.

Analyst Ratings Changes

Separately, National Bank Financial set a C$22.50 target price on shares of Solaris Resources and gave the company an “outperform” rating in a report on Monday, September 21st. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$19.50.

About Solaris Resources

Solaris Resources is a copper-gold exploration and development company advancing a portfolio of high-quality assets across the Americas. Its flagship asset is the 100%-owned Warintza Project in southeast Ecuador, a Tier 1 copper porphyry deposit with over 1.3 billion tonnes of Mineral Reserves and outstanding economics driven by high-grade, near-surface mineralization and a world-class strip-adjusted grade. Warintza stands out for its scale, simplicity, and strong community partnerships built through formal agreements and inclusive engagement.