Coastal Bridge Advisors LLC purchased a new position in shares of Aris Mining Co. (NYSE:ARIS – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 25,000 shares of the company’s stock, valued at approximately $373,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of ARIS. Kestra Advisory Services LLC purchased a new position in shares of Aris Mining during the fourth quarter worth about $27,000. RMG Wealth Management LLC acquired a new stake in shares of Aris Mining during the first quarter worth about $30,000. Global Retirement Partners LLC purchased a new stake in shares of Aris Mining in the 4th quarter valued at about $37,000. PNC Financial Services Group Inc. acquired a new stake in shares of Aris Mining in the 4th quarter valued at about $45,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of Aris Mining in the 1st quarter valued at about $46,000. 39.71% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
ARIS has been the topic of several research analyst reports. Weiss Ratings lowered Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, August 20th. Zacks Research downgraded Aris Mining from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $17.00.
Aris Mining Stock Performance
Shares of ARIS opened at $20.32 on Friday. The stock has a market capitalization of $4.19 billion, a P/E ratio of 14.72 and a beta of -0.14. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.68 and a current ratio of 1.91. Aris Mining Co. has a 1 year low of $8.10 and a 1 year high of $23.29. The company’s fifty day moving average is $16.16 and its two-hundred day moving average is $17.63.
Aris Mining (NYSE:ARIS – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.08. Aris Mining had a net margin of 22.43% and a return on equity of 22.82%. The business had revenue of $330.23 million for the quarter. On average, sell-side analysts predict that Aris Mining Co. will post 2.28 earnings per share for the current year.
Aris Mining Company 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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