JPMorgan Chase & Co. Purchases Shares of 1,414,789 Solaris Resources Inc. $SLSR

Key Points

• JPMorgan Chase & Co. purchased a new stake of 1,414,789 shares of Solaris Resources (NYSEAMERICAN:SLSR), valued at about $9.012 million, representing roughly 0.85% ownership.
• Several other institutional investors also increased or initiated positions—Goldman Sachs, Mackenzie Financial and Amundi boosted holdings, while Raymond James and Jane Street established small new stakes.
• Solaris shares recently opened at $8.04 (12‑month range $2.50–$11.43) with a market cap of $1.34 billion, and analyst HC Wainwright raised its price target to $16 with a Buy rating, matching the consensus "Buy" outlook.

JPMorgan Chase & Co. purchased a new stake in Solaris Resources Inc. (NYSEAMERICAN:SLSR - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,414,789 shares of the company's stock, valued at approximately $9,012,000. JPMorgan Chase & Co. owned 0.85% of Solaris Resources as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its position in Solaris Resources by 1.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,009,441 shares of the company's stock valued at $3,422,000 after acquiring an additional 14,824 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Solaris Resources by 7.4% during the 2nd quarter. Mackenzie Financial Corp now owns 692,357 shares of the company's stock worth $3,175,000 after purchasing an additional 47,831 shares in the last quarter. Amundi raised its stake in shares of Solaris Resources by 9.8% in the 2nd quarter. Amundi now owns 930,900 shares of the company's stock valued at $4,375,000 after purchasing an additional 82,770 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Solaris Resources in the 2nd quarter valued at about $38,000. Finally, Jane Street Group LLC bought a new stake in shares of Solaris Resources in the second quarter valued at about $97,000.

Solaris Resources Price Performance

Shares of SLSR stock opened at $8.04 on Monday. Solaris Resources Inc. has a 12 month low of $2.50 and a 12 month high of $11.43. The company's fifty day simple moving average is $9.45 and its 200-day simple moving average is $7.82. The firm has a market cap of $1.34 billion, a PE ratio of -32.16 and a beta of 0.30.

Analyst Ratings Changes

Separately, HC Wainwright upped their price objective on Solaris Resources from $13.50 to $16.00 and gave the stock a "buy" rating in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Solaris Resources presently has a consensus rating of "Buy" and an average target price of $16.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.