H.C. Wainwright raised the firm’s price target on Solaris (SLSR) to $13.50 from $13 and keeps a Buy rating on the shares after the company announced the results of a Pre-Feasibility Study for its flagship Warintza Project. The newly revised economic scenario for the project, which yields an “impressive” post-tax Net Present Value of $4.6B and a 26% internal rate of return, “cements the project’s status as a Tier-1 copper asset,” the analyst tells investors.
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