Solaris Resources Inc. $SLSR is NewGen Asset Management Ltd’s 8th Largest Position

NewGen Asset Management Ltd decreased its holdings in Solaris Resources Inc. (NYSEAMERICAN:SLSR) by 26.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,219,657 shares of the company’s stock after selling 428,543 shares during the period. Solaris Resources accounts for about 6.0% of NewGen Asset Management Ltd’s holdings, making the stock its 8th biggest position. NewGen Asset Management Ltd owned 0.73% of Solaris Resources worth $9,778,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Helikon Investments Ltd increased its stake in shares of Solaris Resources by 32.5% in the fourth quarter. Helikon Investments Ltd now owns 9,022,072 shares of the company’s stock worth $71,906,000 after purchasing an additional 2,210,452 shares in the last quarter. PSquared Asset Management AG increased its stake in shares of Solaris Resources by 1.0% in the fourth quarter. PSquared Asset Management AG now owns 3,963,015 shares of the company’s stock worth $31,761,000 after purchasing an additional 38,957 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Solaris Resources in the third quarter worth about $15,017,000. Picton Mahoney Asset Management increased its stake in shares of Solaris Resources by 3.8% in the fourth quarter. Picton Mahoney Asset Management now owns 2,042,839 shares of the company’s stock worth $16,395,000 after purchasing an additional 74,152 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Solaris Resources by 1.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,438,922 shares of the company’s stock worth $11,468,000 after purchasing an additional 24,133 shares in the last quarter.

Solaris Resources Price Performance

Shares of NYSEAMERICAN:SLSR opened at $9.98 on Tuesday. The firm has a fifty day moving average price of $9.88 and a two-hundred day moving average price of $9.19. Solaris Resources Inc. has a one year low of $4.29 and a one year high of $11.48. The company has a market cap of $1.67 billion, a price-to-earnings ratio of -55.44 and a beta of 1.06.

Analyst Upgrades and Downgrades

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

Solaris Resources Profile

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.