Evercore picks Astera and MACOM as top AI connectivity stocks
Investing.com - H.C. Wainwright raised its price target on Solaris Resources Inc. (NYSE:SLSR) to $13.00 from $11.00 on Friday, while maintaining a Buy rating on the mining company’s stock. The stock, currently trading at $5.54, has delivered impressive returns with a 140% gain over the past year. According to InvestingPro analysis, the stock is currently trading near its 52-week high of $5.88.
The price target increase follows Solaris’s May 21, 2025 announcement of a $200.0 million financing agreement with Royal Gold to advance its Warintza Project.
According to the terms of the deal, Royal Gold is paying the $200.0 million in three tranches: $100.0 million upon closing, $50.0 million following the Pre-Feasibility Study and technical approval of the Environmental Impact Assessment, and $50.0 million on the first anniversary of closing.
Solaris management indicated that proceeds from this transaction should fund technical studies, permitting, early infrastructure, senior debt repayment, exploration, working capital, and fully fund the project to a Final Investment Decision.
H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Solaris Resources stock while increasing the price target to $13 from $11.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.