H.C. Wainwright Remains a Buy 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.

Ihle wrote:

“We maintain our Buy recommendation and $1.00 per share PT. 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 -2.9% and a 41.3% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Golden Star Resources Ltd, Northern Dynasty Minerals, and Paringa Resources Limited.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Solitario Exploration & Royalty with a $1 average price target.

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Based on Solitario Exploration & Royalty’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $723K. In comparison, last year the company had a GAAP net loss of $489K.

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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.

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