Solaris Resources (TSE:SLS)
TSX:SLS
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Solaris Resources
(TSX:SLS)
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Rating:53Neutral
Price Target:
C$15.00
▲(7.30% Upside)
Action:ReiteratedDate:04/23/26
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and negative equity), despite a strong 2025 cash-flow rebound and sharply lower debt. Technicals are supportive with a clear uptrend and positive momentum, but valuation remains challenged due to losses and the absence of a dividend.
Positive Factors
High-quality copper asset (Warintza)
Owning the large-scale Warintza copper project gives Solaris a clear, durable value-creation lever: exploration success, resource delineation, technical studies and permitting can materially increase project value and enable monetization via JV, farm-out or asset sale over the medium term.
Negative Factors
No revenue and persistent losses
Absence of operating revenue means Solaris cannot self-fund growth and remains dependent on external capital. Persistent, sizable net losses consume shareholder value and limit the company's ability to internally finance exploration, creating an enduring operating and financing constraint until production or monetization occurs.
Read all positive and negative factors
Positive Factors
Negative Factors
High-quality copper asset (Warintza)
Owning the large-scale Warintza copper project gives Solaris a clear, durable value-creation lever: exploration success, resource delineation, technical studies and permitting can materially increase project value and enable monetization via JV, farm-out or asset sale over the medium term.
Read all positive factors
Solaris Resources (SLS) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$2.42B
Dividend YieldN/A
Average Volume (3M)338.29K
Price to Earnings (P/E)―
Beta (1Y)2.23
Revenue GrowthN/A
EPS Growth47.13%
CountryCA
Employees66
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.10
Shares Outstanding166,896,940
10 Day Avg. Volume314,720
30 Day Avg. Volume338,294
Financial Highlights & Ratios
PEG Ratio0.66
Price to Book (P/B)-23.32
Price to Sales (P/S)0.00
P/FCF Ratio28.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$21.90Price Target Upside56.66% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)-0.32
Revenue Forecast (FY)N/A
Solaris Resources Business Overview & Revenue Model
Company Description
Solaris Resources Inc. engages in acquisition, exploration, and development of mineral properties. It focuses on exploring copper, molybdenum, gold, lead, zinc, and silver. The company's flagship project is the 100% owned Warintza Copper and Gold ...
How the Company Makes Money
Solaris Resources is an exploration-stage company and, based on publicly available information, does not have disclosed recurring operating revenue from mining production. Its economic model is to create shareholder value by increasing the value o...
Solaris Resources Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
27
Negative
Cash Flow
54
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -1.12M | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -48.02M | -72.20M | -40.42M | -59.70M | -59.05M |
| Net Income | -42.97M | -77.02M | -41.01M | -55.69M | -54.87M |
Balance Sheet | |||||
| Total Assets | 57.92M | 57.20M | 61.82M | 38.53M | 57.65M |
| Cash, Cash Equivalents and Short-Term Investments | 25.16M | 31.74M | 38.87M | 14.77M | 33.90M |
| Total Debt | 476.13K | 49.64M | 29.45M | 235.00K | 324.00K |
| Total Liabilities | 106.81M | 66.48M | 36.39M | 10.30M | 14.53M |
| Stockholders Equity | -56.73M | -17.20M | 17.52M | 20.32M | 35.21M |
Cash Flow | |||||
| Free Cash Flow | 46.79M | -61.05M | -38.40M | -59.51M | -48.34M |
| Operating Cash Flow | 49.11M | -58.39M | -38.31M | -58.39M | -46.66M |
| Investing Cash Flow | -3.10M | -2.66M | -347.00K | -1.35M | -1.09M |
| Financing Cash Flow | -52.76M | 54.47M | 62.27M | 41.25M | 7.21M |
Solaris Resources Technical Analysis
Positive
13.98
Price Trends
12.83
Positive
12.21
Positive
10.07
Positive
Market Momentum
0.44
Negative
65.17
Neutral
90.22
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SLS, the sentiment is Positive. The current price of 13.98 is above the 20-day moving average (MA) of 12.37, above the 50-day MA of 12.83, and above the 200-day MA of 10.07, indicating a bullish trend. The MACD of 0.44 indicates Negative momentum. The RSI at 65.17 is Neutral, neither overbought nor oversold. The STOCH value of 90.22 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SLS.
Solaris Resources Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | C$1.21B | 16.04 | 10.23% | ― | 75.88% | 1898.21% | |
66 Neutral | C$1.56B | 33.89 | 15.48% | ― | 28.68% | 208.42% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | C$2.78B | -28.05 | -85.04% | ― | ― | -88.20% | |
53 Neutral | C$135.50M | -1.36 | -523.32% | ― | ― | 34.55% | |
53 Neutral | C$2.42B | -30.78 | 96.23% | ― | ― | 47.13% | |
49 Neutral | C$89.86M | -54.41 | -2.63% | ― | ― | 66.08% |
* Basic Materials Sector Average
TSE:SLS
Solaris Resources
13.84
7.69
125.04%
TSE:ASM
Avino Silver & Gold
8.75
5.73
189.74%
TSE:KDK
Kodiak Copper
0.90
0.45
100.00%
TSE:CGNT
Libero Copper & Gold
0.65
0.43
188.89%
TSE:GGD
GoGold Resources
2.66
0.89
50.28%
TSE:ABRA
AbraSilver Resource
16.23
13.06
411.99%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.