Solaris Resources Inc. (SLSR) is Gaining Analyst Attention on Warintza Potential

Solaris Resources Inc. (NYSE:SLSR) is among the hidden multibagger stocks to invest in. On Dec. 2, Maxim Group analyst Tate Sullivan reiterated his Hold rating on the stock. The rating comes after the stock has risen by 20% over the last month. This performance was aided by two back-to-back positive analyst ratings for the stock on November 7.

H.C. Wainwright first raised its price target to $13.5 from $13 on November 7. This announcement came after the company released pre-feasibility study results for its Warintza project. The flagship project is expected to produce 4.5 million tonnes of Copper Equivalent through its 22-year mine life. The exact breakdown of the estimates includes 3.4 million tonnes of Copper, 26.6 million ounces of Silver, and 1.1 million ounces of Gold.

On the same day as the above rating, BMO Capital also maintained its Buy rating on the stock.

As of December 5, Solaris Resources Inc. (NYSE:SLSR) enjoys highly positive analyst opinions with more than 85% of analysts covering it assigning a Buy or equivalent rating. With a consensus 1-year median price target of $11.04, the stock still reflects around 43% potential upside.

Solaris Resources Inc. (NYSE:SLSR) is a Canadian mineral exploration firm that is focused on commodities like copper, zinc, lead, silver, and gold. In addition to exploration, they also acquire and develop other mineral properties.

While we acknowledge the risk and potential of SLSR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SLSR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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