Solitario Zinc Corp. (XPL) AI Stock Analysis
XPL AI stock analysis summary
AI ResearchSolitario Zinc Corp. (XPL) is an exploration-stage mining company focused on zinc and base metal properties in the Americas. The company generates negative top-line results, posting a revenue TTM of -$408,000 and an EPS TTM of -$0.05. It holds $9.1M in cash and short-term investments with a current ratio of 14.21 as of June 30, 2026.
- Market cap
- $48.8M
- Revenue (TTM)
- -$408,000
- P/E
- —
- 1Y return
- -29.2% S&P 500 16.8%
- Avg. target
- $1.50 194.1% vs last close
Bull case
- Wall Street analysts maintain 2 Buy ratings with a mean price target of $1.50, representing a 194.1% premium to the last close.
- The balance sheet maintains solid liquidity as of June 30, 2026, with a current ratio of 14.21 and $9.1M in cash and short-term investments.
- Insiders hold a 16.8% stake in the company, aligning leadership interests with shareholders.
Bear case
- The business lacks recurring commercial revenue, delivering revenue TTM of -$408,000 and projected revenue of $0 for both FY2026 and FY2027.
- Shareholder dilution has been substantial, with a five-year share count increase of 60.3% following $5.3M in share issuance in FY2025.
- The stock has lagged the broader market, falling 29.2% over the trailing year compared to a 16.8% gain for the S&P 500.
What Solitario Zinc does
Solitario Zinc Corp. is an exploration-stage company that acquires and explores zinc and other base metal properties across North and South America. The company holds a 50% operating interest in the Lik zinc-lead-silver property in Northwest Alaska. In Peru, it holds a 39% interest in the Florida Canyon zinc project and an 85% interest in the Chambara exploration project. Additionally, Solitario owns interests in the Golden Crest project located in Lawrence County, South Dakota. Headquartered in Wheat Ridge, Colorado, the company aims to identify and advance high-potential mineral deposits to create shareholder value.
Growth and profitability
Solitario has seen its annual top-line contract over time, declining from revenue of $12.3M in FY2015 to $502,000 in FY2018 and $408,000 in FY2019, reflecting an annualized revenue decline of -81.8% over that period. Net income shifted from $8.9M in FY2015 to -$3.6M in FY2018 and -$3.3M in FY2019. For the trailing twelve months ending June 30, 2026, revenue TTM stood at -$408,000, with operating margin TTM and profit margin TTM both reported at 0.0%. In the latest quarter, quarterly revenue growth declined 18.7% year-over-year, and EPS TTM was -$0.05.
Balance sheet and cash flow
As of June 30, 2026, Solitario held $9.1M in cash and short-term investments, with total assets of $26.2M and shareholders' equity of $25.4M. Its liquidity profile shows a current ratio of 14.21. Operating cash flow in FY2019 was -$2.6M, matching a free cash flow of -$2.6M. In FY2025, capital expenditures were $31,000, while the company raised $5.3M through share issuance. Its five-year share count increased by 60.3%.
Valuation and performance
Solitario trades at a price-to-sales multiple of 29.2x and an enterprise value to revenue multiple of 8.6x, compared to a median price-to-sales of 1.8x for the US-listed Basic Materials peer group. The stock's price-to-book ratio is 2.4x. Over the past year, Solitario's shares fell 29.2%, trailing the S&P 500 (SPY) return of 16.8%. Over a five-year period, the stock fell 9.4%, while the S&P 500 gained 83.0%.
What analysts expect
Solitario Zinc has 2 Buy ratings, 0 Strong Buy, 0 Hold, 0 Sell, and 0 Strong Sell ratings. The mean price target is $1.50, representing an upside of 194.1% over the last close of $0.51. For the current fiscal year ending December 31, 2026, the EPS estimate is -$0.06 on $0 in projected revenue. For the next fiscal year, 1 analyst projects an EPS of -$0.07 on $0 in revenue. Solitario beat EPS estimates in 1 of the last 4 quarters, and its next earnings date is November 4, 2026.
Key risks and what to watch
- The stock has dropped 32.9% below its 200-day moving average and trades near its 52-week low of $0.50.
- Negative cash generation remains a factor, with free cash flow of -$2.6M in FY2019 and negative operating margins across historical periods.
- Return on equity TTM is -18.3%, reflecting ongoing losses as an exploration-stage venture with 3 employees.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this XPL AI stock analysis
This page is an AI-written research summary of Solitario Zinc Corp. (XPL). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: XPL income statement, XPL balance sheet, XPL key metrics, XPL analyst forecast, XPL chart. See the XPL stock overview for the latest quote and news.
XPL AI stock analysis FAQ
What projects does Solitario Zinc Corp. operate?
Solitario holds a 50% operating interest in the Lik zinc-lead-silver project in Alaska, a 39% interest in the Florida Canyon zinc project in Peru, an 85% interest in the Chambara project in Peru, and exploration interests in the Golden Crest project in South Dakota.
Does Solitario Zinc pay a dividend?
No, Solitario Zinc does not pay a dividend. The company directs its capital toward exploration activities and ended FY2025 with $31,000 in capital expenditures.
What is the analyst price target for XPL?
The mean analyst price target is $1.50, which is 194.1% above its last close of $0.51.
When is Solitario Zinc's next earnings report?
The company's next earnings date is scheduled for November 4, 2026.