Helikon Investments Ltd Acquires 2,210,452 Shares of Solaris Resources Inc. $SLSR

Helikon Investments Ltd lifted its holdings in shares of Solaris Resources Inc. (NYSEAMERICAN:SLSR) by 32.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,022,072 shares of the company’s stock after purchasing an additional 2,210,452 shares during the period. Solaris Resources accounts for about 3.8% of Helikon Investments Ltd’s portfolio, making the stock its 8th biggest position. Helikon Investments Ltd owned 0.05% of Solaris Resources worth $71,906,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SLSR. Tidal Investments LLC increased its holdings in Solaris Resources by 5.4% in the second quarter. Tidal Investments LLC now owns 50,200 shares of the company’s stock worth $230,000 after purchasing an additional 2,586 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Solaris Resources by 50.0% during the 4th quarter. Farther Finance Advisors LLC now owns 9,000 shares of the company’s stock worth $72,000 after buying an additional 3,000 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of Solaris Resources during the 3rd quarter worth approximately $38,000. Pictet Asset Management Holding SA increased its stake in shares of Solaris Resources by 55.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 20,682 shares of the company’s stock valued at $166,000 after acquiring an additional 7,400 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Solaris Resources during the 2nd quarter valued at $38,000.

Solaris Resources Stock Performance

SLSR stock opened at $9.86 on Friday. The stock’s 50 day simple moving average is $9.44 and its 200 day simple moving average is $8.74. The company has a market cap of $1.65 billion, a P/E ratio of -54.78 and a beta of 1.16. Solaris Resources Inc. has a fifty-two week low of $3.68 and a fifty-two week high of $11.48.

Wall Street Analysts Forecast Growth

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

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.