Solitario Resources (NYSEAMERICAN:XPL) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.80 and traded as low as $0.7940. Solitario Resources shares last traded at $0.8130, with a volume of 73,117 shares traded.

Analysts Set New Price Targets

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

Solitario Resources Trading Up 1.1%

The stock has a market capitalization of $76.87 million, a P/E ratio of -13.53 and a beta of 0.46. The business’s fifty day simple moving average is $0.76 and its two-hundred day simple moving average is $0.80.

Solitario Resources (NYSEAMERICAN:XPL) (TSE:SLR) last announced its quarterly earnings data on Thursday, August 6th. The basic materials company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). On average, equities research analysts anticipate that Solitario Resources Corp. will post -0.05 earnings per share for the current year.

Institutional Trading of Solitario Resources

A number of hedge funds have recently modified their holdings of XPL. Focused Wealth Management Inc acquired a new stake in shares of Solitario Resources during the 2nd quarter worth approximately $741,000. GSA Capital Partners LLP acquired a new position in shares of Solitario Resources in the second quarter valued at $80,000. Renaissance Technologies LLC lifted its position in Solitario Resources by 24.4% in the first quarter. Renaissance Technologies LLC now owns 1,612,399 shares of the basic materials company’s stock worth $1,322,000 after purchasing an additional 316,693 shares during the period. XTX Topco Ltd boosted its stake in Solitario Resources by 185.0% during the fourth quarter. XTX Topco Ltd now owns 53,018 shares of the basic materials company’s stock worth $37,000 after buying an additional 34,415 shares in the last quarter. Finally, Total Wealth Planning & Management Inc. acquired a new stake in Solitario Resources during the fourth quarter worth $130,000. Institutional investors own 18.23% of the company’s stock.

About Solitario Resources

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.