Solaris Resources (NYSEAMERICAN:SLSR) Price Target Raised to $16.00

Solaris Resources (NYSEAMERICAN:SLSR) had its price target increased by HC Wainwright from $13.50 to $16.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Solaris Resources Stock Performance

NYSEAMERICAN SLSR opened at $9.79 on Wednesday. The stock has a market capitalization of $1.63 billion, a P/E ratio of -27.97 and a beta of 0.50. Solaris Resources has a 52 week low of $2.50 and a 52 week high of $9.79. The stock has a fifty day moving average of $7.97 and a 200-day moving average of $6.46.

Hedge Funds Weigh In On Solaris Resources

Institutional investors have recently modified their holdings of the business. NewGen Equity Long Short Fund bought a new position in shares of Solaris Resources during the second quarter worth about $6,869,000. TD Asset Management Inc acquired a new position in Solaris Resources during the 2nd quarter worth approximately $519,000. Helikon Investments Ltd grew its stake in shares of Solaris Resources by 453.8% during the 2nd quarter. Helikon Investments Ltd now owns 4,811,620 shares of the company’s stock worth $22,037,000 after acquiring an additional 3,942,810 shares in the last quarter. NewGen Asset Management Ltd raised its holdings in shares of Solaris Resources by 25.0% in the second 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 last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of Solaris Resources by 7.4% in the second quarter. Mackenzie Financial Corp now owns 692,357 shares of the company’s stock valued at $3,175,000 after purchasing an additional 47,831 shares during the last quarter.

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.