Royal Bank of Canada Buys 244,720 Shares of Solaris Resources Inc. $SLSR

Royal Bank of Canada raised its stake in Solaris Resources Inc. (NYSEAMERICAN:SLSR) by 742.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 277,695 shares of the company’s stock after purchasing an additional 244,720 shares during the quarter. Royal Bank of Canada owned 0.17% of Solaris Resources worth $2,383,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of SLSR. PSquared Asset Management AG grew its holdings in Solaris Resources by 3.1% during the first quarter. PSquared Asset Management AG now owns 4,084,315 shares of the company’s stock worth $35,262,000 after buying an additional 121,300 shares in the last quarter. Helikon Investments Ltd lifted its stake in Solaris Resources by 32.5% during the 4th quarter. Helikon Investments Ltd now owns 9,022,072 shares of the company’s stock valued at $71,906,000 after acquiring an additional 2,210,452 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Solaris Resources by 69.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 708,313 shares of the company’s stock worth $6,097,000 after acquiring an additional 290,737 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Solaris Resources by 291.9% in the 1st quarter. Principal Financial Group Inc. now owns 3,000,000 shares of the company’s stock worth $25,818,000 after acquiring an additional 2,234,530 shares in the last quarter. Finally, UBS Group AG grew its stake in shares of Solaris Resources by 37.7% in the 4th quarter. UBS Group AG now owns 625,086 shares of the company’s stock worth $4,982,000 after acquiring an additional 171,004 shares in the last quarter.

Solaris Resources Price Performance

Shares of SLSR stock opened at $7.72 on Monday. The firm has a 50-day moving average of $8.15 and a 200-day moving average of $9.15. The company has a market cap of $1.29 billion, a P/E ratio of -42.89 and a beta of 1.30. Solaris Resources Inc. has a one year low of $4.89 and a one year high of $11.48.

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.