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HC Wainwright Reiterates Buy Rating for Solitario Zinc (NYSEAMERICAN:XPL)

Defense World ·  Mar 31, 2023 15:22

Solitario Zinc (NYSEAMERICAN:XPL – Get Rating) (TSE:SLR)'s stock had its "buy" rating reaffirmed by analysts at HC Wainwright in a note issued to investors on Wednesday, Benzinga reports. They currently have a $0.90 price target on the basic materials company's stock. HC Wainwright's target price points to a potential upside of 40.49% from the stock's current price. HC Wainwright also issued estimates for Solitario Zinc's FY2023 earnings at ($0.04) EPS.

Solitario Zinc Stock Down 4.9 %

NYSEAMERICAN XPL opened at $0.64 on Wednesday. The company has a market cap of $41.51 million, a PE ratio of -9.15 and a beta of 1.33. Solitario Zinc has a one year low of $0.46 and a one year high of $0.87.

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Institutional Trading of Solitario Zinc

A number of hedge funds and other institutional investors have recently bought and sold shares of XPL. Cambridge Investment Research Advisors Inc. increased its stake in Solitario Zinc by 235.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 99,761 shares of the basic materials company's stock worth $84,000 after purchasing an additional 70,000 shares during the period. Vanguard Group Inc. increased its stake in Solitario Zinc by 36.6% in the first quarter. Vanguard Group Inc. now owns 1,973,804 shares of the basic materials company's stock worth $1,666,000 after purchasing an additional 529,335 shares during the period. State Street Corp increased its stake in Solitario Zinc by 410.8% in the first quarter. State Street Corp now owns 59,186 shares of the basic materials company's stock worth $50,000 after purchasing an additional 47,600 shares during the period. Citadel Advisors LLC increased its stake in Solitario Zinc by 151.1% in the third quarter. Citadel Advisors LLC now owns 52,799 shares of the basic materials company's stock worth $26,000 after purchasing an additional 31,768 shares during the period. Finally, Aegis Financial Corp purchased a new stake in Solitario Zinc in the fourth quarter worth $390,000. Hedge funds and other institutional investors own 11.89% of the company's stock.

Solitario Zinc Company Profile

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Solitario Zinc Corp. is a mineral exploration company, which engages in the acquisition and exploration of precious metals and zinc-related exploration mineral properties. Its projects include Florida Canyon in Peru, Lik Zinc in Alaska, and La Promesa in Peru. The company was founded on November 15, 1984 and is headquartered in Wheat Ridge, CO.

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