HC Wainwright Issues Positive Forecast for Solaris Resources (NYSEAMERICAN:SLSR) Stock Price

Key Points

• HC Wainwright has increased the price target for Solaris Resources from $11.00 to $13.00, indicating a potential upside of 134.66% from the current stock price.
• Solaris Resources stock recently opened at $5.54 and has experienced a 12-month price range between $1.90 and $5.88.
• Several institutional investors, including Helikon Investments, have significantly increased their positions in Solaris Resources, showcasing growing confidence in the company's prospects.

Solaris Resources (NYSEAMERICAN:SLSR - Free Report) had its price objective hoisted by HC Wainwright from $11.00 to $13.00 in a research report released on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Solaris Resources Stock Down 1.8%

Shares of NYSEAMERICAN SLSR traded down $0.10 during trading hours on Friday, reaching $5.44. The stock had a trading volume of 21,099 shares, compared to its average volume of 33,607. Solaris Resources has a fifty-two week low of $1.90 and a fifty-two week high of $5.88. The business's 50-day simple moving average is $5.15.

Institutional Trading of Solaris Resources

A number of large investors have recently made changes to their positions in the company. Mackenzie Financial Corp boosted its position 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 valued at $2,168,000 after purchasing an additional 2,394 shares during the period. Tidal Investments LLC boosted its position in shares of Solaris Resources by 5.4% in the 2nd quarter. Tidal Investments LLC now owns 50,200 shares of the company's stock valued at $230,000 after purchasing an additional 2,586 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. National Bank of Canada FI acquired a new stake in Solaris Resources during the 1st quarter worth approximately $37,000. Finally, Goldman Sachs Group Inc. lifted its position in Solaris Resources by 1.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,009,441 shares of the company's stock worth $3,422,000 after acquiring an additional 14,824 shares during the period.

Solaris Resources Company Profile

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.