Sprott Inc. boosted its stake in shares of Solaris Resources Inc. (NYSEAMERICAN:SLSR - Free Report) by 2.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,782,579 shares of the company's stock after purchasing 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 filing with the SEC.
Other large investors also recently made changes to their positions in the company. National Bank of Canada FI acquired a new stake in shares of Solaris Resources in the 1st quarter valued at $37,000. Northwest & Ethical Investments L.P. increased its holdings in 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 in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Solaris Resources by 0.4% in 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 during the last quarter. Helikon Investments Ltd purchased a new position in Solaris Resources in the first quarter valued at approximately $2,945,000. Finally, Jennison Associates LLC lifted its position 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 worth $3,683,000 after acquiring an additional 58,329 shares in the last quarter.
Solaris Resources Price Performance
Shares of SLSR traded up $0.04 on Wednesday, hitting $5.40. 5,580 shares of the stock traded hands, compared to its average volume of 54,017. Solaris Resources Inc. has a one year low of $1.90 and a one year high of $5.88. The stock has a market cap of $892.40 million, a P/E ratio of -36.00 and a beta of 0.46. The firm has a 50 day simple moving average of $5.07.
Wall Street Analyst Weigh In
Separately, HC Wainwright upped their price target on shares of Solaris Resources from $10.00 to $11.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $11.00.
View Our Latest Report on SLSR
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.
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