Solaris Resources (NYSEAMERICAN:SLSR) Price Target Raised to $18.00

Solaris Resources (NYSEAMERICAN:SLSR) had its target price upped by HC Wainwright from $16.00 to $18.00 in a research report released on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock. HC Wainwright also issued estimates for Solaris Resources’ FY2026 earnings at ($0.34) EPS.

Solaris Resources Price Performance

NYSEAMERICAN:SLSR opened at $10.17 on Monday. The firm has a market capitalization of $1.70 billion, a P/E ratio of -40.68 and a beta of 1.03. Solaris Resources has a 1-year low of $3.24 and a 1-year high of $11.43. The company’s fifty day moving average price is $9.30 and its 200-day moving average price is $8.14.

Institutional Trading of Solaris Resources

A number of hedge funds have recently added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its holdings in Solaris Resources by 3.7% during the fourth quarter. Mackenzie Financial Corp now owns 716,802 shares of the company’s stock worth $5,756,000 after buying an additional 25,439 shares in the last quarter. Toronto Dominion Bank boosted its holdings in Solaris Resources by 60.0% during the fourth quarter. Toronto Dominion Bank now owns 80,000 shares of the company’s stock worth $641,000 after buying an additional 30,000 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in Solaris Resources during the fourth quarter worth $133,000. Millennium Management LLC boosted its holdings in Solaris Resources by 230.1% during the fourth quarter. Millennium Management LLC now owns 258,397 shares of the company’s stock worth $2,071,000 after buying an additional 180,130 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in Solaris Resources by 21.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 23,313 shares of the company’s stock valued at $187,000 after purchasing an additional 4,119 shares in the last quarter.

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.