PSquared Asset Management AG Increases Stock Holdings in Solaris Resources Inc. $SLSR

PSquared Asset Management AG lifted its holdings in Solaris Resources Inc. (NYSEAMERICAN:SLSR) by 3.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,084,315 shares of the company’s stock after buying an additional 121,300 shares during the quarter. Solaris Resources makes up about 12.3% of PSquared Asset Management AG’s holdings, making the stock its 3rd biggest holding. PSquared Asset Management AG owned 2.45% of Solaris Resources worth $35,262,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SLSR. JPMorgan Chase & Co. purchased a new stake in shares of Solaris Resources in the 3rd quarter valued at approximately $9,012,000. Helikon Investments Ltd boosted its position in shares of Solaris Resources by 32.5% during the 4th quarter. Helikon Investments Ltd now owns 9,022,072 shares of the company’s stock worth $71,906,000 after purchasing an additional 2,210,452 shares during the period. Principal Financial Group Inc. increased its holdings in Solaris Resources by 291.9% in the 1st quarter. Principal Financial Group Inc. now owns 3,000,000 shares of the company’s stock valued at $25,818,000 after purchasing an additional 2,234,530 shares during the last quarter. UBS Group AG increased its holdings in Solaris Resources by 37.7% in the 4th quarter. UBS Group AG now owns 625,086 shares of the company’s stock valued at $4,982,000 after purchasing an additional 171,004 shares during the last quarter. Finally, Man Group plc purchased a new stake in Solaris Resources in the third quarter valued at approximately $657,000.

Solaris Resources Trading Down 1.3%

NYSEAMERICAN:SLSR opened at $7.66 on Friday. The firm has a market cap of $1.28 billion, a PE ratio of -42.56 and a beta of 1.23. The stock has a fifty day moving average price of $8.82 and a 200 day moving average price of $9.25. Solaris Resources Inc. has a 12-month low of $4.51 and a 12-month high of $11.48.

Analysts Set New Price Targets

Separately, HC Wainwright upped their price target on Solaris Resources from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price 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.