Swiss National Bank purchased a new stake in shares of Aris Mining Co. (NYSE:ARIS – Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 360,700 shares of the company’s stock, valued at approximately $6,688,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Aris Mining by 96.4% in the first 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 period. Goldman Sachs Group Inc. increased its holdings in Aris Mining by 31.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 706,876 shares of the company’s stock worth $3,280,000 after acquiring an additional 167,212 shares during the period. Geode Capital Management LLC lifted its stake in Aris Mining by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 89,102 shares of the company’s stock worth $599,000 after purchasing an additional 2,617 shares in the last quarter. Cetera Investment Advisers lifted its stake in Aris Mining by 2.5% in the 2nd quarter. Cetera Investment Advisers now owns 88,214 shares of the company’s stock worth $593,000 after purchasing an additional 2,135 shares in the last quarter. Finally, Walleye Capital LLC bought a new position in Aris Mining in the 2nd quarter valued at $548,000. 39.71% of the stock is owned by hedge funds and other institutional investors.
Aris Mining Stock Down 2.6%
ARIS stock opened at $14.47 on Wednesday. The company has a current ratio of 1.78, a quick ratio of 1.62 and a debt-to-equity ratio of 0.30. The company’s 50 day moving average is $15.69 and its 200 day moving average is $17.79. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 17.23 and a beta of -0.22. Aris Mining Co. has a 1-year low of $6.65 and a 1-year high of $23.29.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. Weiss Ratings cut shares of Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 23rd. Zacks Research raised Aris Mining from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Aris Mining presently has an average rating of “Moderate Buy” and a consensus price target of $17.00.
Get Our Latest Stock Report on ARIS
About Aris Mining
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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