Solaris Resources Inc. $SLSR Shares Sold by Sprott Inc.

Sprott Inc. lowered its stake in Solaris Resources Inc. (NYSEAMERICAN:SLSR) by 1.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 2,710,627 shares of the company’s stock after selling 52,827 shares during the period. Sprott Inc.’s holdings in Solaris Resources were worth $17,268,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SLSR. Tidal Investments LLC boosted its position in Solaris Resources by 5.4% during the second quarter. Tidal Investments LLC now owns 50,200 shares of the company’s stock worth $230,000 after acquiring an additional 2,586 shares during the last quarter. Farther Finance Advisors LLC purchased a new position in shares of Solaris Resources in the 3rd quarter valued at $38,000. Raymond James Financial Inc. acquired a new position in Solaris Resources during the 2nd quarter worth approximately $38,000. Goldman Sachs Group Inc. boosted its position in Solaris Resources by 1.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,009,441 shares of the company’s stock valued at $3,422,000 after buying an additional 14,824 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Solaris Resources during the second quarter worth approximately $97,000.

Solaris Resources Trading Up 0.3%

NYSEAMERICAN:SLSR opened at $10.86 on Tuesday. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of -31.03 and a beta of 0.30. Solaris Resources Inc. has a 1-year low of $2.50 and a 1-year high of $11.43. The business’s fifty day moving average price is $9.25 and its 200 day moving average price is $7.37.

Analysts Set New Price Targets

Separately, HC Wainwright increased their price objective on shares of Solaris Resources from $13.50 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Solaris Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

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.