Solitario Resources (NYSEAMERICAN:XPL) Earns "Buy" Rating from HC Wainwright

HC Wainwright reiterated their buy rating on shares of Solitario Resources (NYSEAMERICAN:XPL - Free Report) TSE: SLR in a research report report published on Friday,Benzinga reports. The firm currently has a $1.20 target price on the basic materials company's stock.

Solitario Resources Stock Performance

NYSEAMERICAN:XPL traded up $0.02 during trading hours on Friday, reaching $0.71. 63,543 shares of the company traded hands, compared to its average volume of 52,879. The stock has a market cap of $57.82 million, a PE ratio of -11.83 and a beta of 0.89. Solitario Resources has a 1-year low of $0.43 and a 1-year high of $0.98.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Solitario Resources stock. Focused Wealth Management Inc lifted its holdings in shares of Solitario Resources Corp. (NYSEAMERICAN:XPL - Free Report) TSE: SLR by 19.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 370,900 shares of the basic materials company's stock after acquiring an additional 60,000 shares during the quarter. Focused Wealth Management Inc owned 0.46% of Solitario Resources worth $260,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 18.23% of the company's 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.