Solitario Resources (NYSEAMERICAN:XPL) Issues Quarterly Earnings Results

Solitario Resources (NYSEAMERICAN:XPL) (TSE:SLR) announced its quarterly earnings results on Thursday. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01), FiscalAI reports.

Solitario Resources Price Performance

XPL remained flat at $0.74 during trading on Thursday. The company’s stock had a trading volume of 40,373 shares, compared to its average volume of 59,791. The stock has a market cap of $68.87 million, a price-to-earnings ratio of -14.80 and a beta of 0.46. Solitario Resources has a 12-month low of $0.54 and a 12-month high of $0.98. The stock has a fifty day simple moving average of $0.77 and a 200 day simple moving average of $0.80.

Institutional Trading of Solitario Resources

Hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC boosted its stake in Solitario Resources by 15.9% during the fourth quarter. Renaissance Technologies LLC now owns 1,295,706 shares of the basic materials company’s stock valued at $903,000 after buying an additional 178,035 shares in the last quarter. Geode Capital Management LLC raised its position in Solitario Resources by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 650,751 shares of the basic materials company’s stock worth $454,000 after acquiring an additional 55,958 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Solitario Resources in the 3rd quarter valued at about $194,000. XTX Topco Ltd lifted its holdings in Solitario Resources by 185.0% in the 4th quarter. XTX Topco Ltd now owns 53,018 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 34,415 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Solitario Resources during the 3rd quarter valued at about $35,000. Institutional investors own 18.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a “buy” rating and set a $1.20 price objective on shares of Solitario Resources in a research note on Wednesday, July 1st. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1.20.

Solitario Resources Company Profile

Solitario Resources Corp. is a mineral exploration and development company focused on base and precious metals in the Americas. Headquartered in Englewood, Colorado, the firm targets copper, gold and silver through a combination of strategic acquisitions, grassroots exploration and joint-venture partnerships. Solitario’s work spans the full project life cycle from early-stage target generation and permitting through advanced stage resource definition and prefeasibility studies.

The company’s project portfolio includes a range of properties across North and South America.