Solaris Resources Inc T.SLS

$17 Speculative Buy by TD Securities

[alhiemstra]

DJ Solaris Resources Inc. Is Maintained at Speculative Buy by TD Securities

Tuesday, March 5, 2024, 11:40 AM ET

 

Solaris Resources Inc. Price Target Cut to C$17.00/Share From C$20.00 by TD Securities

Ratings actions from Baystreet: https://www.baystreet.ca

[Horsesmouth2U]

This price target.....Is this a 1,2 3 or 5 year target? I never have checked with one of these analysts to ask them. Always thought they gave a 1 year target but !!!!!!!!!!

[HARJAY]

Recommendation: SPEC BUY Risk: SPECULATIVE 12-Month Target Price: C$17.00 Prior: C$20.00 12-Month Dividend (Est.): C$0.00 12-Month Total Return: 340.4%

[HARJAY]

P.S. The company's next key catalyst, in our view, is the closing of the C$130mm private placement with Zijin Mining (announced January 11). Solaris is planning to release an updated resource (targeting 2-3 Bt) and listing on the NYSE in Q2/24. SLS is currently trading at a very attractive valuation (0.14x NAV10% vs. peers 0.53x NAV; recent Cu developer take-out transactions have averaged

[5oceans]

All those projections sound and look good. Why though? Are they realistic from here? The real pic at this moment for this play, and many others, with real fuel to be higher is bit fuzzy cause the market for the sector in general is also fuzzy. I would be very happy with a double from here on the way to the triple down the road. If the company doesn't get a take out offer before all that and so

[nedstar71]

Copper making a small run and this making a big one.  Nice!