In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Solaris Resources (SLSR – Research Report), with a price target of $10.00.
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Heiko Ihle has given his Buy rating due to a combination of factors including significant organizational changes and promising strategic moves by Solaris Resources. The company’s recent relocation to Switzerland aligns better with regulatory requirements in Ecuador, facilitating smoother progress in the Warintza project permitting process. Additionally, the appointment of Matthew Rowlinson as CEO, with his strong background in copper business development, is expected to strengthen leadership and drive operational success.
Furthermore, the commitment to spin out non-core assets into a new company is anticipated to optimize business scaling. The firm’s valuation, derived from a discounted cash flow analysis with a 12.0% discount rate, supports a price target of $10 per share, reflecting confidence in the long-term potential of Warintza and the ongoing developments. Near-term catalysts, including expected updates on the Environmental Impact Assessment and Pre-Feasibility Study, also contribute to the positive outlook, providing potential upside for investors.