Bank of Montreal Can Sells 9,811 Shares of Solaris Resources Inc. $SLSR

Bank of Montreal Can trimmed its position in shares of Solaris Resources Inc. (NYSEAMERICAN:SLSR) by 2.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 442,468 shares of the company’s stock after selling 9,811 shares during the period. Bank of Montreal Can’s holdings in Solaris Resources were worth $2,029,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SLSR. National Bank of Canada FI bought a new position in Solaris Resources in the 1st quarter worth $37,000. Ewing Morris & Co. Investment Partners Ltd. lifted its position in shares of Solaris Resources by 35.9% in the first quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 87,100 shares of the company’s stock valued at $295,000 after acquiring an additional 23,000 shares in the last quarter. TD Asset Management Inc bought a new position in shares of Solaris Resources in the second quarter worth about $519,000. Northwest & Ethical Investments L.P. grew its position in shares of Solaris Resources by 221.1% during the first quarter. Northwest & Ethical Investments L.P. now owns 116,174 shares of the company’s stock worth $391,000 after purchasing an additional 79,995 shares in the last quarter. Finally, Mackenzie Financial Corp grew its position in shares of Solaris Resources by 0.4% during the first quarter. Mackenzie Financial Corp now owns 644,526 shares of the company’s stock worth $2,168,000 after purchasing an additional 2,394 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, HC Wainwright boosted their price target on Solaris Resources from $13.00 to $13.50 and gave the stock a “buy” rating in a 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’s stock. According to MarketBeat, Solaris Resources has an average rating of “Moderate Buy” and a consensus price target of $13.50.

Solaris Resources Stock Down 0.6%

SLSR opened at $6.91 on Thursday. The company has a market capitalization of $1.15 billion, a PE ratio of -46.06 and a beta of 0.61. The firm has a 50-day simple moving average of $5.96 and a two-hundred day simple moving average of $5.21. Solaris Resources Inc. has a 52 week low of $2.23 and a 52 week high of $7.50.

Solaris Resources Profile

Solaris Resources Inc engages in exploration of mineral properties. It focuses on exploring copper, molybdenum, gold, lead, zinc, and silver. The company’s flagship project is the 100% owned Warintza Copper and Gold Project comprising nine metallic mineral concessions, which covers an area of 268 km2 located in Ecuador.