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 $0.90. The company’s shares closed last Wednesday at $0.45.
According to TipRanks.com, Ihle is a 5-star analyst with an average return of 23.1% and a 58.3% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Northern Dynasty Minerals, First Majestic Silver, and Golden Star Resources.
The the analyst consensus on Solitario Exploration & Royalty is currently a Hold rating.
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Based on Solitario Exploration & Royalty’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $255K. In comparison, last year the company had a GAAP net loss of $1 million.
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Solitario Zinc Corp. engages in mineral exploration. It focuses on the 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.
