Roth Capital Forecasts Solitario Resources FY2024 Earnings

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) – Research analysts at Roth Capital dropped their FY2024 earnings estimates for shares of Solitario Resources in a report issued on Monday, February 10th. Roth Capital analyst M. Niehuser now anticipates that the basic materials company will post earnings per share of ($0.07) for the year, down from their prior forecast of ($0.06). The consensus estimate for Solitario Resources’ current full-year earnings is ($0.05) per share. Roth Capital also issued estimates for Solitario Resources’ Q2 2025 earnings at ($0.02) EPS, Q3 2025 earnings at ($0.03) EPS and FY2025 earnings at ($0.09) EPS.

Separately, HC Wainwright restated a “buy” rating and set a $1.20 price target on shares of Solitario Resources in a report on Friday, February 7th.

Solitario Resources Price Performance

Shares of NYSEAMERICAN XPL opened at $0.76 on Wednesday. The company has a market cap of $61.89 million, a PE ratio of -12.67 and a beta of 0.89. Solitario Resources has a 1 year low of $0.43 and a 1 year high of $0.98.

Hedge Funds Weigh In On Solitario Resources

A number of hedge funds have recently made changes to their positions in the stock. Focused Wealth Management Inc boosted its position in Solitario Resources by 19.3% in the 3rd quarter. Focused Wealth Management Inc now owns 370,900 shares of the basic materials company’s stock valued at $260,000 after buying an additional 60,000 shares during the period. National Bank of Canada FI boosted its position in Solitario Resources by 57.1% in the 4th quarter. National Bank of Canada FI now owns 165,000 shares of the basic materials company’s stock valued at $98,000 after buying an additional 60,000 shares during the period. Finally, Geode Capital Management LLC boosted its position in Solitario Resources by 11.4% in the 3rd quarter. Geode Capital Management LLC now owns 579,870 shares of the basic materials company’s stock valued at $406,000 after buying an additional 59,573 shares during the period. Hedge funds and other institutional investors own 18.23% of the company’s stock.

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.