H.C. Wainwright Reaffirms Their Buy Rating on Solitario Exploration & Royalty (XPL)

In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Solitario Exploration & Royalty (XPL), with a price target of $1. The company’s shares closed yesterday at $0.29, close to its 52-week low of $0.28.

Ihle observed:

“We maintain our Buy recommendation and our $1.00 per share price target. Our valuation is based on the firm’s interest in the Florida Canyon zinc project, which we value at $35 million.”

According to TipRanks.com, Ihle has 0 stars on 0-5 star ranking scale with an average return of -16.5% and a 16.5% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Americas Silver Corporation, Golden Star Resources Ltd, and Northern Dynasty Minerals.

Solitario Exploration & Royalty has an analyst consensus of Moderate Buy, with a price target consensus of $1.

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The company has a one-year high of $0.71 and a one-year low of $0.28. Currently, Solitario Exploration & Royalty has an average volume of 68.92K.

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Solitario Zinc Corp. operates as an exploration company, which engages in mineral exploration. It focuses on acquisition of precious and base metal properties with exploration potential, and the purchase of royalty interests. The company was founded on November 15, 1984 and is headquartered in Wheat Ridge, CO.