Jennison Associates LLC boosted its holdings in Solaris Resources Inc. (NYSEAMERICAN:SLSR - Free Report) by 5.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,094,669 shares of the company's stock after purchasing an additional 58,329 shares during the quarter. Jennison Associates LLC's holdings in Solaris Resources were worth $3,683,000 at the end of the most recent quarter.
Separately, NewGen Asset Management Ltd lifted its position in Solaris Resources by 100.0% during the first quarter. NewGen Asset Management Ltd now owns 1,200,000 shares of the company's stock valued at $4,068,000 after purchasing an additional 600,000 shares during the period.
Solaris Resources Stock Performance
NYSEAMERICAN:SLSR opened at $5.09 on Tuesday. The stock has a market cap of $841.17 million, a P/E ratio of -20.36 and a beta of 0.45. Solaris Resources Inc. has a twelve month low of $1.90 and a twelve month high of $5.88. The stock's 50 day moving average is $4.61.
Wall Street Analyst Weigh In
Several analysts have recently commented on SLSR shares. Maxim Group restated a "hold" rating on shares of Solaris Resources in a research report on Tuesday, March 25th. HC Wainwright raised their price objective on shares of Solaris Resources from $10.00 to $11.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th.
Read Our Latest Analysis on Solaris Resources
Solaris Resources Company Profile
(
Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Solaris Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Solaris Resources wasn't on the list.
While Solaris Resources currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
