Solaris Resources (NYSEAMERICAN:SLSR – Free Report) had its price objective lifted by HC Wainwright from $13.00 to $13.50 in a report published on Friday morning,Benzinga reports. HC Wainwright currently has a buy rating on the stock.
Solaris Resources Price Performance
NYSEAMERICAN:SLSR traded up $0.34 during trading hours on Friday, reaching $6.97. 100,563 shares of the company traded hands, compared to its average volume of 72,439. The firm’s 50-day moving average is $5.86 and its 200-day moving average is $5.13. The stock has a market cap of $1.16 billion, a P/E ratio of -46.46 and a beta of 0.61. Solaris Resources has a 1-year low of $2.23 and a 1-year high of $7.04.
Institutional Trading of Solaris Resources
Several hedge funds and other institutional investors have recently bought and sold shares of the company. PSquared Asset Management AG purchased a new position in Solaris Resources during the first quarter worth about $15,297,000. Helikon Investments Ltd increased its stake in shares of Solaris Resources by 453.8% during the 2nd quarter. Helikon Investments Ltd now owns 4,811,620 shares of the company’s stock valued at $22,037,000 after acquiring an additional 3,942,810 shares during the last quarter. NewGen Equity Long Short Fund acquired a new stake in shares of Solaris Resources in the second quarter worth approximately $6,869,000. JPMorgan Chase & Co. purchased a new stake in Solaris Resources in the third quarter valued at approximately $9,012,000. Finally, Amundi increased its position in Solaris Resources by 100.3% during the first quarter. Amundi now owns 848,130 shares of the company’s stock worth $2,765,000 after purchasing an additional 424,802 shares during the last quarter.
About Solaris Resources
Solaris Resources Inc engages in exploration of mineral properties. It focuses on exploring copper, molybdenum, gold, lead, zinc, and silver. The company’s flagship project is the 100% owned Warintza Copper and Gold Project comprising nine metallic mineral concessions, which covers an area of 268 km2 located in Ecuador.
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