Solaris Resources (NYSEAMERICAN:SLSR) Sets New 12-Month High – Should You Buy?

Solaris Resources Inc. (NYSEAMERICAN:SLSRGet Free Report)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $11.48 and last traded at $11.3350, with a volume of 140236 shares changing hands. The stock had previously closed at $10.93.

Analyst Ratings Changes

Separately, HC Wainwright raised their price objective on shares of Solaris Resources from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $18.00.

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Solaris Resources Stock Up 1.8%

The stock has a market capitalization of $1.86 billion, a P/E ratio of -44.52 and a beta of 1.16. The business has a fifty day moving average price of $9.43 and a 200-day moving average price of $8.67.

Institutional Trading of Solaris Resources

A number of institutional investors have recently made changes to their positions in the stock. Swiss National Bank raised its holdings in shares of Solaris Resources by 3.2% during the first quarter. Swiss National Bank now owns 182,700 shares of the company’s stock valued at $1,575,000 after purchasing an additional 5,700 shares during the last quarter. Principal Financial Group Inc. grew its position in Solaris Resources by 291.9% in the 1st quarter. Principal Financial Group Inc. now owns 3,000,000 shares of the company’s stock worth $25,818,000 after purchasing an additional 2,234,530 shares during the period. Pictet Asset Management Holding SA grew its position in Solaris Resources by 6.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 21,975 shares of the company’s stock worth $189,000 after purchasing an additional 1,293 shares during the period. Cardinal Point Capital Management ULC raised its stake in Solaris Resources by 1.9% during the 1st quarter. Cardinal Point Capital Management ULC now owns 54,500 shares of the company’s stock valued at $470,000 after buying an additional 1,000 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in shares of Solaris Resources by 3.7% during the 4th quarter. Mackenzie Financial Corp now owns 716,802 shares of the company’s stock valued at $5,756,000 after buying an additional 25,439 shares during the period.

About Solaris Resources

(Get Free Report)

Solaris Resources (NYSEAMERICAN: SLSR) is a Vancouver-based mineral exploration company dedicated to the discovery, acquisition and advancement of large-scale copper and gold deposits across the Americas. Established in 2017, the company focuses on generating high-potential projects in mining-friendly jurisdictions and applying innovative exploration techniques to de-risk assets at an early stage. Solaris leverages a multidisciplinary technical team to identify and systematically evaluate resource targets with district-scale potential.

The company’s flagship asset is the Warintza copper project in southeastern Ecuador, where Solaris has assembled a strategic land position in the emerging Andean copper belt.

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