Solitario Resources (NYSEAMERICAN:XPL) Given Buy Rating at HC Wainwright

HC Wainwright restated their buy rating on shares of Solitario Resources (NYSEAMERICAN:XPL) (TSE:SLR) in a research note released on Friday,Benzinga reports. The firm currently has a $1.20 price target on the basic materials company’s stock.

Solitario Resources Price Performance

Shares of NYSEAMERICAN:XPL opened at $0.73 on Friday. Solitario Resources has a twelve month low of $0.43 and a twelve month high of $0.98.

Institutional Investors Weigh In On Solitario Resources

An institutional investor recently raised its position in Solitario Resources stock. Focused Wealth Management Inc lifted its position in Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) by 19.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 370,900 shares of the basic materials company’s stock after purchasing an additional 60,000 shares during the quarter. Focused Wealth Management Inc owned 0.46% of Solitario Resources worth $260,000 at the end of the most recent quarter. 18.23% of the stock is owned by institutional investors.

Solitario Resources Company Profile

Solitario Resources Corp., an exploration stage company, engages in the acquisition and exploration of precious metal, zinc, and other base metal properties in North and South America. The company holds 50% interest in the Lik zinc-lead-silver property located in Northwest Alaska; 39% interest in the Florida Canyon zinc project located in northern Peru; and 85% interest in the Chambara exploration project located in Peru.