H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Solitario Exploration & Royalty (XPL – Research Report) today and set a price target of $1.20.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Heiko Ihle’s rating is based on the successful outcomes of Solitario Exploration & Royalty’s 2024 drilling program at the Golden Crest Project, which demonstrated significant potential. The drilling results revealed substantial gold mineralization, with six out of eleven holes showing gold grades exceeding one gram per tonne. This suggests that the company’s land position could mirror the historic Homestake-Wharf gold system, known for its vast gold endowment. The potential for Golden Crest to host a large, multi-deposit gold system similar to Homestake-Wharf could greatly enhance the project’s economic prospects.
Additionally, Solitario’s exploration plans for 2025 include drilling five new targets, with further promising targets identified for future exploration. The company’s valuation remains strong, supported by its interest in the Florida Canyon zinc project, the acquisition of Zazu Metals, and other exploratory assets. These factors, combined with the potential for near-term catalysts from ongoing exploration and the discovery of new areas, underpin Ihle’s Buy rating for Solitario Exploration & Royalty.