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Solaris Resources
(TSX:SLS)
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Rating:43Neutral
Price Target:
C$9.50
▼(-23.20% Downside)
Action:Reiterated
Date:08/10/26
The score is primarily constrained by weak financial performance (no revenue, continued losses, and negative equity), only partially offset by recently positive operating and free cash flow that has been volatile. Technical indicators are mixed but lean bearish given negative MACD and trading below key longer-term moving averages. Valuation metrics provide limited support due to a negative P/E and no dividend yield.
Positive Factors
Copper project focus
A focused copper development strategy gives Solaris a clear asset and commodity orientation. Advancing exploration, resource definition, technical studies, permitting, and community engagement can build project value over the medium term if Warintza continues progressing toward development or a strategic transaction.
Negative Factors
No revenue and ongoing losses
The absence of revenue means Solaris has not yet established an operating income stream from its projects. Continued net losses increase dependence on financing, asset monetization, or future project development, making sustained progress toward a producing asset essential to long-term financial viability.
Read all positive and negative factors
Positive Factors
Negative Factors
Copper project focus
A focused copper development strategy gives Solaris a clear asset and commodity orientation. Advancing exploration, resource definition, technical studies, permitting, and community engagement can build project value over the medium term if Warintza continues progressing toward development or a strategic transaction.
Read all positive factors
Solaris Resources (SLS) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.62B
Dividend YieldN/A
Average Volume (3M)292.70K
Price to Earnings (P/E)―
Beta (1Y)2.08
Revenue GrowthN/A
EPS Growth56.26%
CountryCA
Employees84
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.18
Shares Outstanding167,071,620
10 Day Avg. Volume454,149
30 Day Avg. Volume292,698
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$22.55Price Target Upside82.31% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)-0.18
Revenue Forecast (FY)N/A
Solaris Resources Business Overview & Revenue Model
Company Description
Solaris Resources Inc. engages in the acquisition, exploration, and development of mineral properties. It focuses on exploring copper, molybdenum, gold, lead, zinc, and silver. It owns interests in Warintza project located in southeastern Ecuador ...
Solaris Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
28
Negative
Cash Flow
46
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -915.60K | -1.12M | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -23.72M | -48.02M | -71.96M | -40.49M | -59.70M | -59.05M |
| Net Income | -25.19M | -42.97M | -77.02M | -41.01M | -55.69M | -54.87M |
Balance Sheet | ||||||
| Total Assets | 102.91M | 57.92M | 57.20M | 61.82M | 38.53M | 57.65M |
| Cash, Cash Equivalents and Short-Term Investments | 54.01M | 25.16M | 31.74M | 38.87M | 14.77M | 33.90M |
| Total Debt | 388.00K | 476.13K | 49.64M | 29.45M | 235.00K | 324.00K |
| Total Liabilities | 153.20M | 106.81M | 66.48M | 36.39M | 10.30M | 14.53M |
| Stockholders Equity | -58.11M | -56.73M | -17.20M | 17.52M | 20.32M | 35.21M |
Cash Flow | ||||||
| Free Cash Flow | 15.64M | 46.79M | -61.05M | -38.40M | -59.51M | -48.34M |
| Operating Cash Flow | 22.74M | 49.11M | -58.39M | -38.31M | -58.39M | -46.66M |
| Investing Cash Flow | -15.34M | -3.10M | -2.66M | -347.00K | -1.35M | -1.09M |
| Financing Cash Flow | -268.86K | -52.76M | 54.47M | 62.27M | 41.25M | 7.21M |
Solaris Resources Technical Analysis
Negative
12.37
Price Trends
10.48
Negative
10.99
Negative
12.13
Negative
Market Momentum
-0.23
Negative
46.80
Neutral
57.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SLS, the sentiment is Negative. The current price of 12.37 is above the 20-day moving average (MA) of 9.66, above the 50-day MA of 10.48, and above the 200-day MA of 12.13, indicating a neutral trend. The MACD of -0.23 indicates Negative momentum. The RSI at 46.80 is Neutral, neither overbought nor oversold. The STOCH value of 57.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | C$1.14B | 17.56 | 18.43% | ― | 54.43% | 148.97% | |
74 Outperform | C$1.54B | 23.16 | 11.73% | ― | 63.57% | 227.78% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
45 Neutral | C$79.42M | -47.02 | -3.02% | ― | ― | 55.85% | |
43 Neutral | C$1.62B | -38.49 | 54.41% | ― | ― | 56.26% | |
42 Neutral | C$213.51M | -5.83 | -205.36% | ― | ― | 5.27% | |
42 Neutral | C$1.86B | -27.02 | -104.74% | ― | ― | -40.34% |
* Basic Materials Sector Average
TSE:SLS
Solaris Resources
9.68
0.69
7.68%
TSE:ASM
Avino Silver & Gold
6.71
0.04
0.60%
TSE:KDK
Kodiak Copper
0.71
-0.04
-5.33%
TSE:CGNT
Libero Copper & Gold
1.00
0.68
212.50%
TSE:GGD
GoGold Resources
3.55
0.97
37.60%
TSE:ABRA
AbraSilver Resource
11.54
4.95
75.11%
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.