Solaris Resources (TSE:SLS) Shares Climb 5.2% – Should You Buy?

Shares of Solaris Resources Inc. (TSE:SLS) rose 5.2% on Wednesday. The stock traded as high as C$10.34 and last traded at C$10.19. 504,716 shares traded hands during mid-day trading, an increase of 26% from the average session volume of 400,838 shares. The stock had previously closed at C$9.69.

Analyst Upgrades and Downgrades

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

Solaris Resources Stock Performance

The company has a debt-to-equity ratio of -0.67, a quick ratio of 1.29 and a current ratio of 8.42. The company has a 50 day moving average price of C$10.25 and a 200 day moving average price of C$12.02. The company has a market capitalization of C$1.70 billion, a price-to-earnings ratio of -56.61 and a beta of 1.85.

Solaris Resources (TSE:SLS) last posted its quarterly earnings results on Wednesday, August 5th. The company reported C($0.03) earnings per share for the quarter. Equities research analysts predict that Solaris Resources Inc. will post -0.31 earnings per share 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.