Solaris Resources (SLS) Stock Overview

Engages in the acquisition, exploration, and development of mineral properties. More details

SLS fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

Rewards

Earnings have grown 2.8% per year over the past 5 years

Analysts in good agreement that stock price will rise by 103.6%

Risk Analysis

Negative shareholders equity

Makes less than USD$1m in revenue ($0)

Earnings are forecast to decline by an average of 58.7% per year for the next 3 years

Currently unprofitable and not forecast to become profitable over the next 3 years

SLS Community Fair Values

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Solaris Resources Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Solaris Resources
Historical stock prices
Current Share Price	CA$10.46
52 Week High	CA$15.71
52 Week Low	CA$7.25
Beta	2.24
1 Month Change	-14.47%
3 Month Change	-13.41%
1 Year Change	36.73%
3 Year Change	118.37%
5 Year Change	-10.45%
Change since IPO	597.33%

Recent updates

Analysis Article • Sep 13

Solaris Resources (TSE:SLS) Has Debt But No Earnings; Should You Worry?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

Analysis Article • Apr 22

Is Solaris Resources (TSE:SLS) In A Good Position To Deliver On Growth Plans?

Just because a business does not make any money, does not mean that the stock will go down. For example, although...

Shareholder Returns

	SLS	CA Metals and Mining	CA Market
7D	2.8%	2.1%	0.2%
1Y	36.7%	41.1%	20.9%

Return vs Industry: SLS underperformed the Canadian Metals and Mining industry which returned 41.1% over the past year.

Return vs Market: SLS exceeded the Canadian Market which returned 20.9% over the past year.

Price Volatility

Is SLS's price volatile compared to industry and market?
SLS volatility
SLS Average Weekly Movement	8.0%
Metals and Mining Industry Average Movement	10.5%
Market Average Movement	9.1%
10% most volatile stocks in CA Market	16.0%
10% least volatile stocks in CA Market	3.6%

Stable Share Price: SLS has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: SLS's weekly volatility (8%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2018	84	Matthew Rowlinson	www.solarisresources.com

Solaris Resources Inc. engages in the acquisition, exploration, and development of mineral properties. It focuses on exploring copper, molybdenum molybdenum, gold, lead, zinc, and silver. It owns interests in Warintza project located in southeastern Ecuador in the province of Morona Santiago, Canton Limon Indanza; and the Tamarugo project located in northern Chile.

Solaris Resources Inc. Fundamentals Summary

How do Solaris Resources's earnings and revenue compare to its market cap?
SLS fundamental statistics
Market cap	CA$1.75b
Earnings (TTM)	-CA$42.01m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-41.6x

P/E Ratio

Is SLS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SLS income statement (TTM)
Revenue	US$0
Cost of Revenue	US$0
Gross Profit	US$0
Other Expenses	US$30.00m
Earnings	-US$30.00m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)	-0.18
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did SLS perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/21 07:47
End of Day Share Price	2026/09/18 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Solaris Resources Inc. is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Bereket Berhe	Beacon Securities Limited
Alexander Robert Pearce	BMO Capital Markets Equity Research
Heiko Ihle	H.C. Wainwright & Co.

Solaris Resources (SLS) Stock Overview

Rewards

Risk Analysis

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Solaris Resources Inc. Competitors

Benz Mining

Collective Mining

Alphamin Resources

Talon Metals

Price History & Performance

Recent News & Updates

Solaris Resources Inc. Advances Technical Studies and De-Risking Activities at Warintza Project

New major risk - Revenue and earnings growth

Solaris Resources Advances Warintza With EIA Approval and Access to US$50 Million Funding

Solaris Resources Inc., Annual General Meeting, Jun 30, 2026

Solaris Resources Announces Technical Approval of Environmental Impact Assessment for Warintza Project

Forecast to breakeven in 2028

Recent updates

Solaris Resources Inc. Advances Technical Studies and De-Risking Activities at Warintza Project

New major risk - Revenue and earnings growth

Solaris Resources Advances Warintza With EIA Approval and Access to US$50 Million Funding

Solaris Resources Inc., Annual General Meeting, Jun 30, 2026

Solaris Resources Announces Technical Approval of Environmental Impact Assessment for Warintza Project

Forecast to breakeven in 2028

New minor risk - Profitability

Forecast to breakeven in 2028

Price target increased by 19% to CA$16.70

Price target increased by 8.8% to CA$14.90

Solaris Resources Inc. Publishes Positive Pre-Feasibility Study Results and Maiden Mineral Reserve for the Warintza Project

Non-Executive Chairman exercised options to buy CA$3.8m worth of stock.

Price target increased by 7.2% to CA$13.40

New major risk - Revenue and earnings growth

Non-Executive Chairman exercised options to buy CA$4.5m worth of stock.

New major risk - Financial position

Solaris Resources Inc. Completes Significant Drilling Campaign at its Warintza Project in Southeastern Ecuador

Solaris Resources Inc., Annual General Meeting, Jun 24, 2025

New major risk - Revenue and earnings growth

New major risk - Negative shareholders equity

Solaris Resources Inc. Announces Chief Financial Officer Changes

Executive Chairman exercised options to buy CA$917k worth of stock.

Price target decreased by 13% to CA$12.08

Solaris Resources Inc. Appoints Matthew Rowlinson as Chief Executive Officer, Effective January 1, 2025

President exercised options to buy CA$1.3m worth of stock.

Solaris Resources Inc. Provides Warintza Operations Update, 2024 Drilling to Exceed 75,000m and Early Works Infrastructure Development Underway

Solaris Resources Inc. Reports Assay Results from Its Ongoing 2024 Drilling Program

Solaris Resources Inc. Reports 4.03% Cueq from Surface in New Drilling as Further Productivity Gains Drive Record 10Km Drilling in August

Solaris Resources (TSE:SLS) Has Debt But No Earnings; Should You Worry?

Solaris Resources Inc. Provides an Update on Recent Results from the Celestina Target Area

Solaris Resources Inc. Reports Drill Results from Its Ongoing 60,000M and 8-Rig Drilling Program At Its Warintza Project

President of Latin America exercised options to buy CA$655k worth of stock.

New major risk - Financial position

Vice President of Corporate Development recently bought CA$59k worth of stock

Solaris Resources Inc. Reports In-Pit Mineral Resources Including Higher Grade Mineralization; over 30,000M Drilling in H2/24 Targeting Open Extensions and Infill to Upgrade Resources

Price target decreased by 10% to CA$14.30

Solaris Resources Inc. Reports Drill Results from the Ongoing 2024 Drilling Program At Its Warintza Project in Southeastern Ecuador

Vice President of Investor Relations recently sold CA$75k worth of stock

Solaris Resources Inc. Announces the First Significant Precious Metals Assays from Ongoing Regional Exploration from the Caya Area

Solaris Reports 81m of 0.73% Cueq Within 544m of 0.50% Cueq from Surface; Announces Major Expansion of 2024 Drill Program Supported by Record Productivity

New minor risk - Shareholder dilution

Solaris Resources Inc. has completed a Follow-on Equity Offering in the amount of CAD 35.035 million.

Solaris Resources Inc. has filed a Follow-on Equity Offering in the amount of CAD 35.035 million.

New major risk - Revenue and earnings growth

Price target increased by 7.9% to CA$18.14

New major risk - Financial position

Solaris Resources Inc. Provides Update on Warintza Operations, Optimization Progress

Solaris Reports First Drilling Results from 2024 Program and Exploration Update, Including 150m of 0.67% CuEq within 384m of 0.51% CuEq and 284m of 0.53% CuEq from Near Surface

Solaris Resources Inc., Annual General Meeting, Jun 24, 2024

Executive Chairman recently bought CA$84k worth of stock

Solaris Resources Inc. Commences 2024 Drilling Program At Warintza Project

Chief Operating Officer recently bought CA$100k worth of stock

Price target decreased by 11% to CA$17.13

Solaris Resources Inc. announced that it expects to receive CAD 129.589865 million in funding from Zijin Mining Group Company Limited

Solaris Resources Inc. Provides Updated Warintza Mineral Resource Estimate

Executive Chairman recently bought CA$78k worth of stock

Solaris Resources Inc. announced that it expects to receive $60 million in funding

Solaris Resources Inc. Appoints Javier Toro as Chief Operating Officer, Effective January 1

Solaris Resources Inc. Announces Assay Results from the First Two Reconnaissance Drill Holes At the Patrimonio Target Confirming A Significant New Discovery, Southwest of Central, on the Warintza Project in Southeastern Ecuador

Solaris Resources Inc. Reports 105M of 0.60% Cueq and 132.60% Cueq from Near Surface

Solaris Resources Inc. Reports 54m of 0.80% CuEq from Surface in Northwest Step-Out at Warintza Central

Solaris Resources Inc. Reports Significant New Porphyry Discovery in First Hole At Patrimonio, Second and Third Holes Underway and Additional Rigs Being Mobilized