Solitario Resources FY2024 EPS Lowered by Roth Capital

Solitario Resources Corp. (NYSEAMERICAN:XPL - Free Report) TSE: SLR - Equities research analysts at Roth Capital lowered their FY2024 earnings per share (EPS) estimates for shares of Solitario Resources in a research note issued to investors on Monday, February 10th. Roth Capital analyst M. Niehuser now expects that the basic materials company will earn ($0.07) per share for the year, down from their previous forecast of ($0.06). The consensus estimate for Solitario Resources' current full-year earnings is ($0.05) per share. Roth Capital also issued estimates for Solitario Resources' Q2 2025 earnings at ($0.02) EPS, Q3 2025 earnings at ($0.03) EPS and FY2025 earnings at ($0.09) EPS.

Separately, HC Wainwright reaffirmed a "buy" rating and issued a $1.20 price objective on shares of Solitario Resources in a research report on Friday, February 7th.

Solitario Resources Stock Performance

NYSEAMERICAN:XPL traded up $0.01 during midday trading on Wednesday, hitting $0.77. 48,410 shares of the company traded hands, compared to its average volume of 50,632. The firm has a market capitalization of $62.64 million, a PE ratio of -12.82 and a beta of 0.89. Solitario Resources has a 12-month low of $0.43 and a 12-month high of $0.98.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of XPL. National Bank of Canada FI grew its holdings in Solitario Resources by 57.1% during the fourth quarter. National Bank of Canada FI now owns 165,000 shares of the basic materials company's stock worth $98,000 after acquiring an additional 60,000 shares during the period. Focused Wealth Management Inc grew its holdings in Solitario Resources by 19.3% during the third quarter. Focused Wealth Management Inc now owns 370,900 shares of the basic materials company's stock worth $260,000 after acquiring an additional 60,000 shares during the period. Geode Capital Management LLC grew its holdings in Solitario Resources by 11.4% during the third quarter. Geode Capital Management LLC now owns 579,870 shares of the basic materials company's stock worth $406,000 after acquiring an additional 59,573 shares during the period. Finally, Lido Advisors LLC purchased a new stake in shares of Solitario Resources in the fourth quarter valued at approximately $555,000. 18.23% of the stock is currently owned by hedge funds and other institutional investors.

Solitario Resources Company Profile

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.