UBS Group AG Increases Stock Position in Solaris Resources Inc. $SLSR

UBS Group AG raised its position in shares of Solaris Resources Inc. (NYSEAMERICAN:SLSR) by 37.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 625,086 shares of the company’s stock after buying an additional 171,004 shares during the period. UBS Group AG’s holdings in Solaris Resources were worth $4,982,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SLSR. Helikon Investments Ltd boosted its stake in shares of Solaris Resources by 41.6% during the 3rd quarter. Helikon Investments Ltd now owns 6,811,620 shares of the company’s stock valued at $43,390,000 after purchasing an additional 2,000,000 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Solaris Resources during the 3rd quarter valued at about $9,012,000. Anson Funds Management LP bought a new stake in shares of Solaris Resources during the 3rd quarter valued at about $956,000. NewGen Asset Management Ltd boosted its stake in shares of Solaris Resources by 9.9% during the 3rd quarter. NewGen Asset Management Ltd now owns 1,648,200 shares of the company’s stock valued at $10,911,000 after purchasing an additional 148,200 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Solaris Resources by 316.3% during the 3rd quarter. Bank of America Corp DE now owns 1,078,837 shares of the company’s stock valued at $6,872,000 after purchasing an additional 819,692 shares in the last quarter.

Solaris Resources Trading Down 1.4%

Shares of SLSR opened at $9.69 on Friday. The firm’s 50-day moving average price is $9.46 and its 200-day moving average price is $8.85. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of -53.83 and a beta of 1.16. Solaris Resources Inc. has a 1-year low of $4.11 and a 1-year high of $11.48.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright lifted their target price on shares of 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 MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $18.00.

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.