Principal Financial Group Inc. Purchases 2,234,530 Shares of Solaris Resources Inc. $SLSR

Principal Financial Group Inc. grew its holdings in Solaris Resources Inc. (NYSEAMERICAN:SLSR) by 291.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,000,000 shares of the company’s stock after acquiring an additional 2,234,530 shares during the quarter. Principal Financial Group Inc.’s holdings in Solaris Resources were worth $25,818,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC bought a new position in Solaris Resources during the fourth quarter worth about $36,000. Raymond James Financial Inc. acquired a new stake in Solaris Resources during the second quarter worth about $38,000. Russell Investments Group Ltd. bought a new position in Solaris Resources in the third quarter valued at approximately $38,000. Farther Finance Advisors LLC increased its stake in shares of Solaris Resources by 50.0% in the 4th quarter. Farther Finance Advisors LLC now owns 9,000 shares of the company’s stock valued at $72,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Themes Management Co LLC bought a new position in Solaris Resources in the fourth quarter valued at about $92,000.

Solaris Resources Stock Performance

Shares of NYSEAMERICAN SLSR opened at $7.14 on Tuesday. The stock has a fifty day moving average of $9.02 and a 200-day moving average of $9.25. Solaris Resources Inc. has a fifty-two week low of $4.51 and a fifty-two week high of $11.48. The stock has a market cap of $1.19 billion, a PE ratio of -39.67 and a beta of 1.23.

Analyst Ratings Changes

Separately, HC Wainwright lifted their target price on Solaris Resources from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Solaris Resources presently has a consensus rating of “Buy” and an average price target of $18.00.

About Solaris Resources

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.