Solaris Resources (NYSEAMERICAN:SLSR) Shares Up 8.3% – Here’s Why

by · The Markets Daily

Solaris Resources Inc. (NYSEAMERICAN:SLSR – Get Free Report)’s stock price traded up 8.3% on Thursday . The stock traded as high as $8.77 and last traded at $8.6460. 19,150 shares were traded during trading, a decline of 87% from the average session volume of 148,488 shares. The stock had previously closed at $7.98.

Analyst Upgrades and Downgrades

Separately, HC Wainwright lifted their price target on Solaris Resources from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $18.00.

Read Our Latest Stock Analysis on Solaris Resources

Solaris Resources Trading Up 6.5%

The stock has a market capitalization of $1.42 billion, a P/E ratio of -47.28 and a beta of 1.23. The business’s fifty day simple moving average is $9.65 and its two-hundred day simple moving average is $9.27.

Institutional Investors Weigh In On Solaris Resources

Several hedge funds have recently made changes to their positions in SLSR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Solaris Resources during the third quarter worth about $15,017,000. Principal Financial Group Inc. lifted its position in shares of Solaris Resources by 291.9% in the 1st quarter. Principal Financial Group Inc. now owns 3,000,000 shares of the company’s stock worth $25,818,000 after acquiring an additional 2,234,530 shares during the period. Helikon Investments Ltd lifted its position in shares of Solaris Resources by 32.5% in the 4th quarter. Helikon Investments Ltd now owns 9,022,072 shares of the company’s stock worth $71,906,000 after acquiring an additional 2,210,452 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of Solaris Resources during the 3rd quarter worth approximately $9,012,000. Finally, Bank of America Corp DE grew its holdings in shares of Solaris Resources by 316.3% during the 3rd quarter. Bank of America Corp DE now owns 1,078,837 shares of the company’s stock worth $6,872,000 after purchasing an additional 819,692 shares in the last quarter.

Solaris Resources Company Profile

(Get Free Report)

Solaris Resources (NYSEAMERICAN: SLSR) is a Vancouver-based mineral exploration company dedicated to the discovery, acquisition and advancement of large-scale copper and gold deposits across the Americas. Established in 2017, the company focuses on generating high-potential projects in mining-friendly jurisdictions and applying innovative exploration techniques to de-risk assets at an early stage. Solaris leverages a multidisciplinary technical team to identify and systematically evaluate resource targets with district-scale potential.

The company’s flagship asset is the Warintza copper project in southeastern Ecuador, where Solaris has assembled a strategic land position in the emerging Andean copper belt.

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