Solaris Resources Inc. $SLSR Shares Acquired by Helikon Investments Ltd

Helikon Investments Ltd boosted its holdings in shares of Solaris Resources Inc. (NYSEAMERICAN:SLSR) by 41.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,811,620 shares of the company’s stock after buying an additional 2,000,000 shares during the period. Solaris Resources comprises 3.0% of Helikon Investments Ltd’s portfolio, making the stock its 8th largest holding. Helikon Investments Ltd’s holdings in Solaris Resources were worth $43,390,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its holdings in shares of Solaris Resources by 1.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,009,441 shares of the company’s stock worth $3,422,000 after acquiring an additional 14,824 shares during the period. NewGen Equity Long Short Fund bought a new stake in Solaris Resources in the second quarter valued at about $6,869,000. Mackenzie Financial Corp raised its position in Solaris Resources by 7.4% in the second quarter. Mackenzie Financial Corp now owns 692,357 shares of the company’s stock worth $3,175,000 after purchasing an additional 47,831 shares in the last quarter. Amundi lifted its stake in Solaris Resources by 9.8% during the second quarter. Amundi now owns 930,900 shares of the company’s stock worth $4,375,000 after purchasing an additional 82,770 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Solaris Resources during the second quarter worth about $38,000.

Analysts Set New Price Targets

Separately, HC Wainwright upped their price objective on Solaris Resources from $13.50 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Solaris Resources Stock Up 0.2%

NYSEAMERICAN:SLSR opened at $9.36 on Monday. The firm has a market cap of $1.56 billion, a PE ratio of -26.74 and a beta of 0.47. Solaris Resources Inc. has a 12 month low of $2.50 and a 12 month high of $11.43. The company’s 50-day moving average price is $8.94 and its two-hundred day moving average price is $7.15.

About Solaris Resources

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.