Helikon Investments Ltd Purchases 2,000,000 Shares of Solaris Resources Inc. $SLSR

Helikon Investments Ltd increased its position in Solaris Resources Inc. (NYSEAMERICAN:SLSR) by 41.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,811,620 shares of the company’s stock after acquiring an additional 2,000,000 shares during the quarter. Solaris Resources comprises about 3.0% of Helikon Investments Ltd’s investment portfolio, making the stock its 8th biggest position. Helikon Investments Ltd owned about 4.11% of Solaris Resources worth $43,390,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NewGen Equity Long Short Fund acquired a new stake in shares of Solaris Resources in the second quarter valued at about $6,869,000. NewGen Asset Management Ltd boosted its stake in 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 period. JPMorgan Chase & Co. bought a new stake in Solaris Resources during the 3rd quarter valued at approximately $9,012,000. Goldman Sachs Group Inc. grew its holdings in 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 buying an additional 14,824 shares during the last quarter. Finally, Amundi increased its position in Solaris Resources by 9.8% in the 2nd quarter. Amundi now owns 930,900 shares of the company’s stock worth $4,375,000 after buying an additional 82,770 shares during the period.

Analyst Ratings Changes

Separately, HC Wainwright upped their price target on Solaris Resources from $13.50 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Solaris Resources Stock Performance

NYSEAMERICAN SLSR opened at $9.36 on Monday. Solaris Resources Inc. has a twelve month low of $2.50 and a twelve month high of $11.43. The stock has a market cap of $1.56 billion, a PE ratio of -26.74 and a beta of 0.47. The firm has a 50-day simple moving average of $8.94 and a 200 day simple moving average of $7.15.

Solaris Resources Company 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.