Solaris Resources (NYSEAMERICAN:SLSR) Sets New 12-Month High – Should You Buy?

Shares of Solaris Resources Inc. (NYSEAMERICAN:SLSR) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $8.50 and last traded at $8.42, with a volume of 31034 shares changing hands. The stock had previously closed at $8.23.

Wall Street Analyst Weigh In

Separately, HC Wainwright lifted their price objective on Solaris Resources from $13.00 to $13.50 and gave the stock a “buy” rating in a research report on Friday, November 7th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Solaris Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.50.

Solaris Resources Price Performance

The firm’s 50-day moving average is $7.71 and its 200-day moving average is $6.29.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SLSR. Farther Finance Advisors LLC bought a new stake in shares of Solaris Resources in the 3rd quarter worth $38,000. Russell Investments Group Ltd. purchased a new position in Solaris Resources in the third quarter valued at approximately $38,000. Raymond James Financial Inc. purchased a new stake in Solaris Resources in the second quarter worth $38,000. Jane Street Group LLC purchased a new position in shares of Solaris Resources during the 2nd quarter valued at $97,000. Finally, National Bank of Canada FI increased its holdings in Solaris Resources by 133.1% in the 3rd quarter. National Bank of Canada FI now owns 19,577 shares of the company’s stock worth $118,000 after acquiring an additional 11,178 shares during the last quarter.

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.