Anson Funds Management LP Grows Stock Holdings in Solaris Resources Inc. $SLSR

Key Points

• Anson Funds Management LP increased its stake in Solaris Resources Inc. by 21.0% during Q1, now holding 1,153,154 shares valued at approximately $3.6 million.
• Other institutional investors have also shifted their holdings, with Northwest & Ethical Investments L.P. boosting its shares by 221.1%, now owning 116,174 shares worth $391,000.
• HC Wainwright raised its price target for Solaris Resources from $10.00 to $11.00 and assigned a "buy" rating, contributing to a consensus rating of "Moderate Buy" with a price target of $11.00.

Anson Funds Management LP grew its stake in Solaris Resources Inc. (NYSEAMERICAN:SLSR - Free Report) by 21.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,153,154 shares of the company's stock after acquiring an additional 200,000 shares during the period. Anson Funds Management LP's holdings in Solaris Resources were worth $3,628,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. National Bank of Canada FI bought a new position in Solaris Resources in the first quarter worth approximately $37,000. Northwest & Ethical Investments L.P. lifted its holdings in shares of Solaris Resources by 221.1% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 116,174 shares of the company's stock worth $391,000 after buying an additional 79,995 shares during the period. Mackenzie Financial Corp grew its position in shares of Solaris Resources by 0.4% during the 1st quarter. Mackenzie Financial Corp now owns 644,526 shares of the company's stock worth $2,168,000 after buying an additional 2,394 shares in the last quarter. Helikon Investments Ltd purchased a new position in shares of Solaris Resources during the first quarter valued at $2,945,000. Finally, Jennison Associates LLC increased its stake in shares of Solaris Resources by 5.6% during the first quarter. Jennison Associates LLC now owns 1,094,669 shares of the company's stock valued at $3,683,000 after buying an additional 58,329 shares during the period.

Analyst Upgrades and Downgrades

Separately, HC Wainwright upped their price objective on shares of Solaris Resources from $10.00 to $11.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $11.00.

Solaris Resources Price Performance

Shares of NYSEAMERICAN:SLSR opened at $5.48 on Friday. The stock has a market cap of $905.62 million, a P/E ratio of -36.53 and a beta of 0.46. Solaris Resources Inc. has a 12-month low of $1.90 and a 12-month high of $5.88. The firm has a fifty day moving average of $5.04.

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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