HC Wainwright Issues Positive Forecast for Solaris Resources (NYSEAMERICAN:SLSR) Stock Price

Solaris Resources (NYSEAMERICAN:SLSR) had its price objective boosted by HC Wainwright from $13.50 to $16.00 in a report published on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Solaris Resources Trading Up 0.2%

Shares of Solaris Resources stock opened at $9.03 on Wednesday. Solaris Resources has a 12-month low of $2.50 and a 12-month high of $9.42. The company’s fifty day simple moving average is $7.86 and its two-hundred day simple moving average is $6.41. The company has a market cap of $1.51 billion, a P/E ratio of -25.80 and a beta of 0.50.

Institutional Investors Weigh In On Solaris Resources

Several hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new position in Solaris Resources in the third quarter worth $9,012,000. Susquehanna International Group LLP purchased a new stake in Solaris Resources during the 3rd quarter valued at about $180,000. Public Employees Retirement System of Ohio bought a new stake in Solaris Resources during the 3rd quarter valued at about $123,000. National Bank of Canada FI raised its holdings in Solaris Resources by 133.1% in the third quarter. National Bank of Canada FI now owns 19,577 shares of the company’s stock worth $118,000 after buying an additional 11,178 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Solaris Resources in the third quarter worth about $15,017,000.

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.