According to The Fly, a Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Analyst Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Solitario Exploration (SLR)
Ihle noted:
“We maintain our Buy recommendation and our C$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 C$35 million.”
According to TipRanks.com, Ihle is ranked 0 out of 5 stars with an average return of -16.5% and a 16.5% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.
Solitario Exploration has an analyst consensus of Moderate Buy.
The company has a one-year high of C$0.88 and a one-year low of C$0.37. Currently, Solitario Exploration has an average volume of 6,464.
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.
The company’s shares closed on Tuesday at C$0.40, close to its 52-week low of C$0.37.
