Solaris Resources (NYSEAMERICAN:SLSR) Stock Price Expected to Rise, HC Wainwright Analyst Says

Solaris Resources (NYSEAMERICAN:SLSR) had its price target boosted by investment analysts at HC Wainwright from $11.00 to $13.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s target price indicates a potential upside of 138.97% from the company’s current price.

Solaris Resources Stock Performance

SLSR stock opened at $5.44 on Friday. The firm has a market capitalization of $899.01 million, a PE ratio of -36.26 and a beta of 0.46. The stock’s 50 day moving average is $5.13. Solaris Resources has a 52 week low of $1.90 and a 52 week high of $5.88.

Institutional Trading of Solaris Resources

Several institutional investors have recently made changes to their positions in the stock. National Bank of Canada FI acquired a new stake in Solaris Resources in the first quarter valued at approximately $37,000. Raymond James Financial Inc. acquired a new stake in shares of Solaris Resources in the second quarter worth $38,000. Jane Street Group LLC acquired a new stake in shares of Solaris Resources in the second quarter worth $97,000. Tidal Investments LLC lifted its stake in shares of 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 buying an additional 2,586 shares during the last quarter. Finally, Ewing Morris & Co. Investment Partners Ltd. lifted its stake in shares of Solaris Resources by 35.9% in the first quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 87,100 shares of the company’s stock worth $295,000 after buying an additional 23,000 shares during the last quarter.

About Solaris Resources

Solaris Resources Inc engages in exploration of mineral properties. It focuses on exploring copper, molybdenum, gold, lead, zinc, and silver. The company’s flagship project is the 100% owned Warintza Copper and Gold Project comprising nine metallic mineral concessions, which covers an area of 268 km2 located in Ecuador.