Solaris Resources (NYSEAMERICAN:SLSR) Sets New 1-Year High Following Analyst Upgrade

Solaris Resources Inc. (NYSEAMERICAN:SLSR) shares reached a new 52-week high on Wednesday after HC Wainwright raised their price target on the stock from $13.50 to $16.00. HC Wainwright currently has a buy rating on the stock. Solaris Resources traded as high as $9.47 and last traded at $9.2550, with a volume of 2930 shares. The stock had previously closed at $9.01.

Hedge Funds Weigh In On Solaris Resources

Large investors have recently modified their holdings of the business. Russell Investments Group Ltd. acquired a new stake in shares of Solaris Resources during the 3rd quarter worth about $38,000. Farther Finance Advisors LLC purchased a new position in Solaris Resources during the third quarter worth about $38,000. Raymond James Financial Inc. acquired a new stake in shares of Solaris Resources during the second quarter valued at about $38,000. Jane Street Group LLC acquired a new stake in shares of Solaris Resources during the second quarter valued at about $97,000. Finally, National Bank of Canada FI raised its stake in shares of Solaris Resources by 133.1% in the 3rd quarter. National Bank of Canada FI now owns 19,577 shares of the company’s stock valued at $118,000 after acquiring an additional 11,178 shares during the period.

Solaris Resources Trading Up 2.3%

The firm’s fifty day moving average price is $7.91 and its 200 day moving average price is $6.43. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of -26.40 and a beta of 0.50.

Solaris Resources Company 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.