Solaris Resources (TSE:SLS) PT Set at C$22.50 by National Bank Financial

Solaris Resources (TSE:SLS) has been given a C$22.50 target price by investment analysts at National Bank Financial in a research report issued to clients and investors on Monday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 116.76% from the stock’s current price.

Solaris Resources Stock Performance

Solaris Resources stock traded down C$0.08 during mid-day trading on Monday, reaching C$10.38. 123,813 shares of the stock traded hands, compared to its average volume of 410,953. Solaris Resources has a 12-month low of C$7.25 and a 12-month high of C$15.71. The business’s 50-day moving average is C$11.03 and its 200-day moving average is C$12.25. The company has a debt-to-equity ratio of -0.67, a current ratio of 8.42 and a quick ratio of 1.29. The stock has a market capitalization of C$1.73 billion, a PE ratio of -57.67 and a beta of 1.77.

Solaris Resources (TSE:SLS) last released its quarterly earnings results on Wednesday, August 5th. The company reported C($0.03) earnings per share (EPS) for the quarter. As a group, sell-side analysts predict that Solaris Resources will post -0.31 EPS for the current fiscal year.

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.