Solaris Resources Inc. (NYSEAMERICAN:SLSR - Get Free Report) rose 4.7% on Wednesday . The stock traded as high as $5.54 and last traded at $5.59. Approximately 19,293 shares changed hands during trading, a decline of 66% from the average daily volume of 57,525 shares. The stock had previously closed at $5.34.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright boosted their target price on Solaris Resources from $11.00 to $13.00 and gave the company a "buy" rating in a research report on Friday, August 29th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Solaris Resources currently has a consensus rating of "Moderate Buy" and an average target price of $13.00.
Read Our Latest Analysis on SLSR
Solaris Resources Price Performance
The business has a fifty day moving average of $5.63 and a 200-day moving average of $4.84. The stock has a market cap of $920.50 million, a PE ratio of -37.13 and a beta of 0.62.
Institutional Trading of Solaris Resources
A number of hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC purchased a new stake in shares of Solaris Resources during the 3rd quarter valued at $38,000. NewGen Asset Management Ltd lifted its holdings in shares of Solaris Resources by 25.0% during the 2nd quarter. NewGen Asset Management Ltd now owns 1,500,000 shares of the company's stock valued at $6,869,000 after purchasing an additional 300,000 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of Solaris Resources by 5.4% during 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 last quarter. Bank of America Corp DE lifted its holdings in shares of Solaris Resources by 350.2% during the 2nd quarter. Bank of America Corp DE now owns 259,145 shares of the company's stock valued at $1,187,000 after purchasing an additional 201,582 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Solaris Resources during the 2nd quarter valued at $97,000.
Solaris Resources Company Profile
(
Get 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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