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Solitario Exploration & Royalty Corp (XPL)



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Upturn Advisory Summary
08/14/2025: XPL (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $1.5
1 Year Target Price $1.5
0 | Strong Buy |
2 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -2.11% | Avg. Invested days 39 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 66.45M USD | Price to earnings Ratio - | 1Y Target Price 1.5 |
Price to earnings Ratio - | 1Y Target Price 1.5 | ||
Volume (30-day avg) 2 | Beta 0.41 | 52 Weeks Range 0.54 - 0.89 | Updated Date 08/15/2025 |
52 Weeks Range 0.54 - 0.89 | Updated Date 08/15/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.07 |
Earnings Date
Report Date 2025-08-13 | When - | Estimate -0.02 | Actual -0.01 |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) -13.78% | Return on Equity (TTM) -20.45% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 57064253 | Price to Sales(TTM) 29.23 |
Enterprise Value 57064253 | Price to Sales(TTM) 29.23 | ||
Enterprise Value to Revenue 8.65 | Enterprise Value to EBITDA -11 | Shares Outstanding 90193104 | Shares Floating 63198284 |
Shares Outstanding 90193104 | Shares Floating 63198284 | ||
Percent Insiders 16.74 | Percent Institutions 24.37 |
Upturn AI SWOT
Solitario Exploration & Royalty Corp

Company Overview
History and Background
Solitario Exploration & Royalty Corp. (XPL) is a precious metals royalty and exploration company. Founded in 1984, it focuses on identifying and developing royalty opportunities in resource-rich areas, with a focus on silver, gold, and base metals. Over time, it has transitioned from direct exploration to a royalty and strategic investment model.
Core Business Areas
- Royalty Generation: Identifying, acquiring, and developing royalty interests in exploration and development projects, generating revenue from future production.
- Strategic Investments: Making strategic investments in exploration companies or projects to enhance royalty potential and generate returns.
Leadership and Structure
Christopher E. Herald is the CEO and Director. The company has a small leadership team focused on geology, finance, and corporate development. The organizational structure is relatively flat, emphasizing efficiency in project evaluation and deal-making.
Top Products and Market Share
Key Offerings
- Royalty Agreements: Solitario's primary product is its portfolio of royalty agreements on mineral properties. Revenue is generated when these properties enter production. Market share data is not directly applicable as it's project-specific. Competitors include larger royalty companies like Franco-Nevada, Wheaton Precious Metals, and Osisko Gold Royalties.
Market Dynamics
Industry Overview
The precious metals royalty and streaming sector is growing as companies seek non-dilutive financing options. Demand for precious metals royalties is influenced by commodity prices, geopolitical risks, and investor sentiment toward precious metals.
Positioning
Solitario is a smaller player in the royalty space, focusing on earlier-stage exploration and development projects. This provides higher risk but potentially higher reward compared to larger, more diversified royalty companies.
Total Addressable Market (TAM)
The total addressable market for precious metals royalty financing is estimated to be in the billions of dollars annually. Solitario's positioning targets a niche segment of this market, focusing on smaller, riskier projects, thereby capturing a portion of the larger TAM.
Upturn SWOT Analysis
Strengths
- Experienced management team
- Portfolio of royalty assets
- Strategic focus on early-stage projects
- Lean operating structure
Weaknesses
- Limited financial resources compared to larger royalty companies
- High dependence on exploration success of underlying properties
- Geographic concentration of projects
Opportunities
- Rising precious metals prices
- Increased demand for royalty financing
- Acquisition of new royalty interests
- Advancement of existing projects to production
Threats
- Decline in precious metals prices
- Exploration failures on underlying properties
- Political and regulatory risks
- Competition from larger royalty companies
Competitors and Market Share
Key Competitors
- FNV
- WPM
- OR
Competitive Landscape
Solitario is much smaller than FNV, WPM, and OR. Solitario focuses on earlier-stage and higher-risk projects, whereas the larger companies have diversified portfolios of producing assets.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been project-dependent and varied significantly year-to-year.
Future Projections: Future growth is dependent on advancing existing projects and acquiring new royalty interests. Analyst estimates are subject to considerable uncertainty.
Recent Initiatives: Recent initiatives include advancing key projects, pursuing new royalty acquisitions, and optimizing project economics.
Summary
Solitario is a small royalty and exploration company with a high-risk, high-reward strategy. Its success depends on the exploration success of its underlying projects and favorable precious metals prices. While it has an experienced team and a portfolio of assets, its limited financial resources and dependence on external factors present challenges. Recent initiatives to advance projects and acquire new royalties are positive developments.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings (SEC)
- Financial news sources
- Industry reports
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It is not financial advice. Investment decisions should be based on individual research and consultation with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Solitario Exploration & Royalty Corp
Exchange NYSE MKT | Headquaters Wheat Ridge, CO, United States | ||
IPO Launch date 2006-09-06 | President, CEO & Director Mr. Christopher Engle Herald M.Sc. | ||
Sector Basic Materials | Industry Other Industrial Metals & Mining | Full time employees 4 | Website https://solitarioxr.com |
Full time employees 4 | Website https://solitarioxr.com |
Solitario Resources Corp., an exploration stage company, engages in the acquisition and exploration of precious metal, zinc, and other base metal properties in North and South America. It also explores for gold deposits. The company holds 100% interest in the Golden Crest gold project covering an area of approximately 33,000 acres of mining claims located in western South Dakota, Lawrence County; and 85% interest in the Chambara project, which consists of 12 concessions covering an area of approximately 9,661 hectares located in Peru. It also holds 100% interest in the Cat Creek project located in south-central Colorado. The company was formerly known as Solitario Zinc Corp. and changed its name to Solitario Resources Corp. in July 2023. Solitario Resources Corp. was incorporated in 1984 and is based in Wheat Ridge, Colorado.

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