LGT Fund Management Co Ltd. bought a new position in shares of Aris Mining Co. (NYSE:ARIS – Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 40,000 shares of the company’s stock, valued at approximately $743,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Aris Mining by 96.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 521,597 shares of the company’s stock valued at $2,410,000 after acquiring an additional 256,022 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Aris Mining by 31.0% during the first quarter. Goldman Sachs Group Inc. now owns 706,876 shares of the company’s stock valued at $3,280,000 after purchasing an additional 167,212 shares during the last quarter. Geode Capital Management LLC lifted its stake in Aris Mining by 3.0% during the second quarter. Geode Capital Management LLC now owns 89,102 shares of the company’s stock valued at $599,000 after purchasing an additional 2,617 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Aris Mining by 2.5% during the second quarter. Cetera Investment Advisers now owns 88,214 shares of the company’s stock worth $593,000 after buying an additional 2,135 shares in the last quarter. Finally, Walleye Capital LLC bought a new stake in Aris Mining during the second quarter worth approximately $548,000. 39.71% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on ARIS shares. Zacks Research raised Aris Mining from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Weiss Ratings raised Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $17.00.
Aris Mining Stock Performance
Shares of ARIS opened at $14.55 on Monday. Aris Mining Co. has a one year low of $6.65 and a one year high of $23.29. The company has a 50-day moving average of $16.76 and a two-hundred day moving average of $17.96. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 17.32 and a beta of -0.22. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.78 and a quick ratio of 1.62.
Aris Mining (NYSE:ARIS – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.05). The firm had revenue of $372.48 million for the quarter. Aris Mining had a net margin of 15.19% and a return on equity of 20.97%. On average, equities research analysts expect that Aris Mining Co. will post 2.5 earnings per share for the current year.
Aris Mining Profile
Aris Mining Corp, headquartered in Vancouver, British Columbia, is a mineral exploration and development company focused on advancing a diversified portfolio of precious metal and lithium assets. Listed on the New York Stock Exchange under the ticker ARMN, the company pursues a disciplined strategy of resource definition and project development to deliver value for its shareholders.
The firm’s principal assets include several high-grade gold projects across multiple continents and a strategic lithium property in the United States.
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