Roth Capital Reiterates Bullish Stance On Solitario Shares, $2.40 PT
In a research note released Wednesday, Roth Capital analyst Joe Reagor reiterated a Buy rating on Solitario Exploration & Royalty (NYSE:XPL) with a $2.40 price target.
Reagor wrote, “On September 2, 2014, XPL announced it had received environmental approval for the Mt. Hamilton project. With this major hurdle in the rear view mirror, we believe XPL is poised to complete its permitting process in early Q4 2014.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Joe Reagor has a total average return of 6.4% and a 60.0% success rate. Reagor has a 4.4% average return when recommending XPL, and is ranked #1288 out of 3253 analysts.