In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Solitario Exploration & Royalty (NYSE: XPL), with a price target of $1. The company’s shares closed yesterday at $0.38, close to its 52-week low of $0.33.
Ihle said:
“We maintain our Buy recommendation and our $1.00 per share price target. Our valuation remains based on the firm’s interest in the Florida Canyon zinc project, which we value at $35 million. Notably, this exceeds the current market capitalization of the company.”
According to TipRanks.com, Ihle is a 2-star analyst with an average return of 1.0% and a 32.4% 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 Hold.
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The company has a one-year high of $0.81 and a one-year low of $0.33. Currently, Solitario Exploration & Royalty has an average volume of 96.07K.
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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.
