Solitario Resources (NYSEAMERICAN:XPL) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Solitario Resources (NYSEAMERICAN:XPL) (TSE:SLR) issued its quarterly earnings data on Thursday. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01), FiscalAI reports.

Solitario Resources Trading Up 4.1%

Shares of XPL opened at $0.77 on Friday. The firm’s fifty day simple moving average is $0.77 and its two-hundred day simple moving average is $0.80. Solitario Resources has a 12 month low of $0.54 and a 12 month high of $0.98. The stock has a market capitalization of $71.66 million, a P/E ratio of -12.83 and a beta of 0.46.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV acquired a new stake in Solitario Resources during the third quarter worth approximately $35,000. XTX Topco Ltd lifted its stake in Solitario Resources by 185.0% in the fourth quarter. XTX Topco Ltd now owns 53,018 shares of the basic materials company’s stock valued at $37,000 after buying an additional 34,415 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Solitario Resources during the 3rd quarter worth approximately $194,000. Geode Capital Management LLC grew its position in shares of Solitario Resources by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 650,751 shares of the basic materials company’s stock worth $454,000 after buying an additional 55,958 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Solitario Resources by 15.9% in the 4th quarter. Renaissance Technologies LLC now owns 1,295,706 shares of the basic materials company’s stock valued at $903,000 after acquiring an additional 178,035 shares in the last quarter. 18.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a “buy” rating and issued a $1.20 price target on shares of Solitario Resources in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1.20.

Solitario Resources Company Profile

Solitario Resources Corp. is a mineral exploration and development company focused on base and precious metals in the Americas. Headquartered in Englewood, Colorado, the firm targets copper, gold and silver through a combination of strategic acquisitions, grassroots exploration and joint-venture partnerships. Solitario’s work spans the full project life cycle from early-stage target generation and permitting through advanced stage resource definition and prefeasibility studies.

The company’s project portfolio includes a range of properties across North and South America.