H.C. Wainwright Raises PT on Solaris Resources (SLSR) Stock

Solaris Resources Inc. (NYSEAMERICAN:SLSR) is one of the Best Mining Stocks to Buy According to Hedge Funds. On August 29, H.C. Wainwright lifted the price target on the company’s stock to $13 from $11, while keeping a “Buy” rating, as reported by The Fly. This comes after the company entered into a $200 million financing agreement with Royal Gold. As per the firm, the transaction provides Solaris Resources Inc. (NYSEAMERICAN:SLSR) with financial flexibility to advance Warintza without further diluting the shareholders.

Solaris Resources Inc. (NYSEAMERICAN:SLSR) highlighted that, between January 2024 – February 2025, it completed more than 82,000 metres of infill drilling, positioning itself to upgrade a substantial portion of Inferred Resources to the Measured and Indicated categories. Solaris Resources Inc. (NYSEAMERICAN:SLSR)’s cash generated in operating activities during the 3 and 6 months ended June 30, 2025 came in at $84.7 million and $67.1 million compared to -$12.1 million and -$22.3 million, respectively.

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Disclosure: None. This article is originally published at Insider Monkey.