Solitario Resources (NYSEAMERICAN:XPL) Posts Earnings Results, Meets Estimates

Solitario Resources (NYSEAMERICAN:XPL) (TSE:SLR) announced its earnings results on Tuesday. The basic materials company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01), Yahoo Finance reports.

Solitario Resources Price Performance

Solitario Resources stock traded up $0.01 during mid-day trading on Wednesday, reaching $0.82. 14,843 shares of the company were exchanged, compared to its average volume of 104,567. Solitario Resources has a 12 month low of $0.43 and a 12 month high of $0.98. The firm has a market cap of $66.61 million, a PE ratio of -13.83 and a beta of 0.93.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. HC Wainwright increased their target price on Solitario Resources from $0.80 to $1.10 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Roth Capital upgraded Solitario Resources to a “strong-buy” rating in a research note on Monday, June 10th. Finally, Roth Mkm assumed coverage on Solitario Resources in a research note on Monday, June 10th. They set a “buy” rating and a $2.00 target price on the stock.

About Solitario Resources

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.