1,414,789 Shares in Solaris Resources Inc. $SLSR Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. acquired a new stake in shares of Solaris Resources Inc. (NYSEAMERICAN:SLSR - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 1,414,789 shares of the company's stock, valued at approximately $9,012,000. JPMorgan Chase & Co. owned approximately 0.85% of Solaris Resources at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in shares of Solaris Resources in the second quarter worth $38,000. Farther Finance Advisors LLC purchased a new position in Solaris Resources during the third quarter valued at $38,000. Jane Street Group LLC bought a new stake in Solaris Resources in the 2nd quarter valued at $97,000. Tidal Investments LLC increased its holdings in Solaris Resources by 5.4% in the 2nd quarter. Tidal Investments LLC now owns 50,200 shares of the company's stock valued at $230,000 after acquiring an additional 2,586 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Solaris Resources by 350.2% in the 2nd quarter. Bank of America Corp DE now owns 259,145 shares of the company's stock worth $1,187,000 after purchasing an additional 201,582 shares in the last quarter.

Analyst Ratings Changes

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

Get Our Latest Stock Report on SLSR

Solaris Resources Trading Down 2.2%

Shares of NYSEAMERICAN:SLSR opened at $9.34 on Friday. The company has a market cap of $1.56 billion, a price-to-earnings ratio of -26.69 and a beta of 0.31. Solaris Resources Inc. has a 12 month low of $2.50 and a 12 month high of $11.43. The company has a 50-day moving average price of $9.37 and a 200 day moving average price of $7.46.

Solaris Resources Profile

(Free Report)

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.

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