Solaris Resources Inc. $SLSR Position Trimmed by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lowered its stake in Solaris Resources Inc. (NYSEAMERICAN:SLSR) by 22.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 973,614 shares of the company’s stock after selling 286,219 shares during the period. TD Waterhouse Canada Inc.’s holdings in Solaris Resources were worth $6,143,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Solaris Resources in the 2nd quarter worth $38,000. Farther Finance Advisors LLC purchased a new stake in shares of Solaris Resources during the third quarter valued at $38,000. Jane Street Group LLC acquired a new position in shares of Solaris Resources in the 2nd quarter valued at $97,000. Tidal Investments LLC increased its stake in Solaris Resources by 5.4% in the 2nd quarter. Tidal Investments LLC now owns 50,200 shares of the company’s stock worth $230,000 after purchasing an additional 2,586 shares in the last quarter. Finally, TD Asset Management Inc purchased a new position in Solaris Resources in the 2nd quarter worth about $519,000.

Wall Street Analyst Weigh In

Separately, HC Wainwright raised their target price on shares of Solaris Resources from $13.50 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.00.

Solaris Resources Price Performance

NYSEAMERICAN:SLSR opened at $9.26 on Friday. The stock has a market cap of $1.55 billion, a PE ratio of -26.46 and a beta of 0.50. Solaris Resources Inc. has a fifty-two week low of $2.50 and a fifty-two week high of $11.43. The stock’s 50-day moving average is $8.30 and its two-hundred day moving average is $6.62.

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.