Sprott Inc. increased its holdings in shares of Solaris Resources Inc. (NYSEAMERICAN:SLSR - Free Report) by 2.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,782,579 shares of the company's stock after acquiring an additional 54,952 shares during the period. Sprott Inc.'s holdings in Solaris Resources were worth $9,430,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Mackenzie Financial Corp grew its holdings in Solaris Resources by 0.4% during the first quarter. Mackenzie Financial Corp now owns 644,526 shares of the company's stock worth $2,168,000 after acquiring an additional 2,394 shares during the period. National Bank of Canada FI acquired a new position in shares of Solaris Resources during the 1st quarter worth $37,000. Jennison Associates LLC grew its stake in shares of Solaris Resources by 5.6% during the 1st quarter. Jennison Associates LLC now owns 1,094,669 shares of the company's stock worth $3,683,000 after purchasing an additional 58,329 shares during the period. Northwest & Ethical Investments L.P. grew its stake in shares of Solaris Resources by 221.1% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 116,174 shares of the company's stock worth $391,000 after purchasing an additional 79,995 shares during the period. Finally, NewGen Asset Management Ltd grew its stake in shares of Solaris Resources by 100.0% during the 1st quarter. NewGen Asset Management Ltd now owns 1,200,000 shares of the company's stock worth $4,068,000 after purchasing an additional 600,000 shares during the period.
Solaris Resources Price Performance
Shares of NYSEAMERICAN:SLSR traded up $0.05 during midday trading on Monday, reaching $5.53. The company had a trading volume of 21,935 shares, compared to its average volume of 54,212. Solaris Resources Inc. has a one year low of $1.90 and a one year high of $5.88. The company's fifty day simple moving average is $5.06. The stock has a market cap of $913.89 million, a PE ratio of -36.86 and a beta of 0.46.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright lifted their price target on Solaris Resources from $10.00 to $11.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $11.00.
Read Our Latest Research Report on SLSR
Solaris Resources 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.
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