Janus Henderson Group PLC Buys 241,749 Shares of Solaris Resources Inc. $SLSR

Janus Henderson Group PLC increased its position in shares of Solaris Resources Inc. (NYSEAMERICAN:SLSR) by 38.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 873,369 shares of the company’s stock after buying an additional 241,749 shares during the quarter. Janus Henderson Group PLC’s holdings in Solaris Resources were worth $7,485,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cardinal Point Capital Management ULC raised its holdings in Solaris Resources by 1.9% in the 1st quarter. Cardinal Point Capital Management ULC now owns 54,500 shares of the company’s stock valued at $470,000 after acquiring an additional 1,000 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in shares of 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 acquiring an additional 1,293 shares during the period. Tidal Investments LLC grew its holdings in shares of Solaris Resources by 5.4% during the 2nd 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. Bank of Montreal Can grew its holdings in shares of Solaris Resources by 0.8% during the 4th quarter. Bank of Montreal Can now owns 333,630 shares of the company’s stock worth $2,674,000 after purchasing an additional 2,668 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Solaris Resources by 50.0% during the fourth 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 period.

Wall Street Analysts Forecast Growth

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

Solaris Resources Price Performance

Solaris Resources stock opened at $8.00 on Thursday. The company has a market capitalization of $1.34 billion, a PE ratio of -44.44 and a beta of 1.29. Solaris Resources Inc. has a one year low of $4.89 and a one year high of $11.48. The business has a 50 day simple moving average of $8.46 and a 200 day simple moving average of $9.21.

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.