TD Asset Management Inc Invests $519,000 in Solaris Resources Inc. $SLSR

Key Points

• TD Asset Management Inc invested approximately $519,000 in Solaris Resources Inc, acquiring 113,550 shares during the second quarter.
• Solaris Resources recently saw its stock price increase by 8.1% and currently has a market capitalization of around $994.87 million.
• Analysts have upgraded Solaris Resources, raising the target price from $11.00 to $13.00 and giving it a "buy" rating.

TD Asset Management Inc acquired a new position in shares of Solaris Resources Inc. (NYSEAMERICAN:SLSR - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 113,550 shares of the company's stock, valued at approximately $519,000. TD Asset Management Inc owned 0.07% of Solaris Resources as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SLSR. National Bank of Canada FI acquired a new stake in shares of Solaris Resources during the 1st quarter worth about $37,000. Ewing Morris & Co. Investment Partners Ltd. increased its position in shares of Solaris Resources by 35.9% during the 1st quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 87,100 shares of the company's stock worth $295,000 after purchasing an additional 23,000 shares in the last quarter. Northwest & Ethical Investments L.P. increased its position 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 in the last quarter. Mackenzie Financial Corp increased 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 purchasing an additional 2,394 shares in the last quarter. Finally, Amundi increased its position in shares of Solaris Resources by 100.3% during the 1st quarter. Amundi now owns 848,130 shares of the company's stock worth $2,765,000 after purchasing an additional 424,802 shares in the last quarter.

Solaris Resources Trading Up 8.1%

SLSR opened at $6.02 on Friday. The stock has a market capitalization of $994.87 million, a PE ratio of -40.13 and a beta of 0.62. Solaris Resources Inc. has a 1-year low of $2.17 and a 1-year high of $6.59. The firm has a 50-day moving average price of $5.64 and a two-hundred day moving average price of $4.87.

Analyst Upgrades and Downgrades

Separately, HC Wainwright increased their target price on shares of Solaris Resources from $11.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Solaris Resources currently has a consensus rating of "Moderate Buy" and a consensus target price of $13.00.

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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