UBS Group AG increased its holdings in Solaris Resources Inc. (NYSEAMERICAN:SLSR – Free Report) by 37.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 625,086 shares of the company’s stock after purchasing an additional 171,004 shares during the period. UBS Group AG owned approximately 0.37% of Solaris Resources worth $4,982,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in SLSR. Goldman Sachs Group Inc. boosted its stake in shares of Solaris Resources by 1.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,009,441 shares of the company’s stock valued at $3,422,000 after purchasing an additional 14,824 shares in the last quarter. Amundi boosted its stake in shares of Solaris Resources by 9.8% in the 2nd quarter. Amundi now owns 930,900 shares of the company’s stock valued at $4,375,000 after purchasing an additional 82,770 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Solaris Resources in the 2nd quarter valued at $38,000. Jane Street Group LLC purchased a new stake in shares of Solaris Resources in the 2nd quarter valued at $97,000. Finally, Bank of America Corp DE boosted its stake in shares of Solaris Resources by 350.2% in 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 in the last quarter.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright upped 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, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $18.00.
Solaris Resources Stock Down 1.4%
Shares of SLSR opened at $9.69 on Friday. The stock has a market capitalization of $1.62 billion, a P/E ratio of -53.83 and a beta of 1.16. The firm has a fifty day simple moving average of $9.46 and a two-hundred day simple moving average of $8.85. Solaris Resources Inc. has a twelve month low of $4.11 and a twelve month high of $11.48.
Solaris Resources Profile
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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