Royal Bank of Canada Increases Holdings in Solaris Resources Inc. $SLSR

Royal Bank of Canada lifted its holdings in shares of Solaris Resources Inc. (NYSEAMERICAN:SLSR) by 742.1% during the first quarter, HoldingsChannel reports. The firm owned 277,695 shares of the company’s stock after purchasing an additional 244,720 shares during the quarter. Royal Bank of Canada’s holdings in Solaris Resources were worth $2,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC purchased a new position in shares of Solaris Resources in the 4th quarter worth about $36,000. Russell Investments Group Ltd. purchased a new stake in Solaris Resources during the third quarter worth about $38,000. Raymond James Financial Inc. purchased a new stake in Solaris Resources during the second quarter worth about $38,000. Farther Finance Advisors LLC raised its position in Solaris Resources by 50.0% in the fourth quarter. Farther Finance Advisors LLC now owns 9,000 shares of the company’s stock worth $72,000 after acquiring an additional 3,000 shares during the period. Finally, Themes Management Co LLC bought a new stake in Solaris Resources in the fourth quarter worth about $92,000.

Solaris Resources Price Performance

SLSR opened at $7.72 on Monday. Solaris Resources Inc. has a twelve month low of $4.89 and a twelve month high of $11.48. The company’s 50-day moving average price is $8.15 and its two-hundred day moving average price is $9.15. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of -42.89 and a beta of 1.30.

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.