Solitario Resources is an exploration-stage company focused on high-quality gold and zinc properties, which means its quarterly reports reveal little in the way of traditional revenue or profit. Instead, investors read these filings for clues about project progress, drilling momentum, and how quickly the company is drawing down its cash. That backdrop makes the Q3 2026 update particularly relevant: the company has ramped up drilling at Golden Crest and entered into an amended investor rights agreement with Newmont, a move that signals strategic backing. With losses expected to widen modestly and the stock trading well below its 52-week high, the report will help investors gauge whether exploration spending is translating into the kind of progress that justifies a stronger valuation. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Analysts expect Solitario Resources to post a loss of roughly $0.03 per share for the third quarter of 2026, compared with a $0.02 per share loss in the year-ago period. Because the company is pre-revenue, no meaningful top-line figure is forecast; the consensus revenue estimate is effectively zero. The more important numbers sit below the headline: exploration and development spending, general and administrative costs, and the overall cash and short-term investment balance, which stood near $8.44 million entering 2026. In the most recent quarter, Q2 2026, Solitario reported a $0.02 per share loss that missed the $0.01 consensus, driven by a year-over-year surge in exploration expense. Management has guided to about $5.67 million in full-year 2026 exploration and development spending, including roughly $2.22 million for Golden Crest drilling, so investors will be watching whether costs remain disciplined against that budget.
Sentiment heading into the Q3 2026 report remains cautious. The shares have fallen roughly 23% over the past year and were recently trading near their 52-week low, below both the 50-day and 200-day moving averages. That weakness reflects not just company-specific factors but also broader pressure on exploration-stage miners, which depend heavily on drilling results, permitting timelines, and gold and zinc price sentiment. Investors appear particularly sensitive to spending discipline after Q2 results missed expectations on higher exploration costs. A key risk is that another quarter of elevated drilling spend, without a clear catalyst, could weigh further on the stock, while a well-managed cost profile or encouraging Golden Crest updates could help stabilize sentiment.
Looking ahead, investors should keep several factors in view. First, the pace and results of the Golden Crest drilling program will be central. Management has earmarked a significant portion of its 2026 budget to the project, and any early drill results or resource updates could shift sentiment quickly.
Second, cash management matters. With roughly $8.44 million in cash and short-term investments against a multi-million-dollar exploration budget, the company's runway and its use of its at-the-market (ATM) equity program are important. Additional share issuances can fund exploration but may also dilute existing holders.
Finally, watch external drivers such as gold and zinc prices, permitting progress, and the strategic relationship with Newmont following the amended investor rights agreement. Commodity price strength tends to support exploration-stage valuations, while softer metals prices can pressure both sentiment and financing flexibility. These elements, rather than the headline earnings figure, are likely to define the stock's direction after the report. From what I see, tracking these details with tools like Tickeron’s AI Trend Prediction Engine can add useful context when comparing XPL to peers.
In my own work, I often turn to Tickeron’s AI Screener when evaluating exploration-stage names like Solitario Resources. It lets me quickly filter for similar companies based on technical patterns, fundamentals, and volatility, which helps put the upcoming earnings in broader perspective without spending hours on manual screens. This kind of AI-assisted view has become a regular part of how I prepare for reports like this one.
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Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where XPL declined for three days, in 220 of 265 cases, the price declined further within the following month. The odds of a continued downward trend are 83%.
The Aroon Indicator for XPL entered a downward trend on November 03, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where XPL's RSI Indicator exited the oversold zone, 15 of 20 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 75%.
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
The Moving Average Convergence Divergence (MACD) for XPL just turned positive on October 27, 2026. Looking at past instances where XPL's MACD turned positive, the stock continued to rise in 38 of 52 cases over the following month. The odds of a continued upward trend are 73%.
XPL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron PE Growth Rating for this company is 14 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of 59 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.723) is normal, around the industry mean (7.004). P/E Ratio (-9.262) is within average values for comparable stocks, (-0.421). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.026). Dividend Yield (0.000) settles around the average of (0.015) among similar stocks. P/S Ratio (0.000) is also within normal values, averaging (283.864).
The Tickeron Price Growth Rating for this company is 79 (best 1 - 100 worst), indicating slightly worse than average price growth. XPL’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 95 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. XPL’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 91, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a miner for zinc and other minerals
Industry OtherMetalsMinerals