H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Solitario Exploration & Royalty (XPL) today and set a price target of $1. The company’s shares closed yesterday at $0.27, close to its 52-week low of $0.19.
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 currently no stars on a ranking scale of 0-5 stars, with an average return of -14.0% and a 18.5% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Golden Star Resources Ltd, Northern Dynasty Minerals, and Endeavour Silver Corp.
Currently, the analyst consensus on Solitario Exploration & Royalty is a Moderate Buy with an average price target of $1.
See today’s analyst top recommended stocks >>
The company has a one-year high of $0.67 and a one-year low of $0.19. Currently, Solitario Exploration & Royalty has an average volume of 53.85K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
