UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Aris Mining Co. (NYSE:ARIS – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 112,249 shares of the company’s stock, valued at approximately $1,674,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Public Employees Retirement System of Ohio lifted its position in Aris Mining by 2.7% during the third quarter. Public Employees Retirement System of Ohio now owns 55,647 shares of the company’s stock valued at $546,000 after purchasing an additional 1,441 shares during the last quarter. FNY Investment Advisers LLC increased its holdings in shares of Aris Mining by 15.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 11,500 shares of the company’s stock worth $171,000 after buying an additional 1,500 shares during the last quarter. RMG Wealth Management LLC purchased a new stake in shares of Aris Mining during the 1st quarter valued at $30,000. Kestra Advisory Services LLC purchased a new stake in shares of Aris Mining during the 4th quarter valued at $27,000. Finally, Cetera Investment Advisers raised its position in shares of Aris Mining by 2.5% during the 2nd quarter. Cetera Investment Advisers now owns 88,214 shares of the company’s stock valued at $593,000 after buying an additional 2,135 shares in the last quarter. Hedge funds and other institutional investors own 39.71% of the company’s stock.
Aris Mining Stock Up 0.6%
Shares of ARIS opened at $19.52 on Friday. Aris Mining Co. has a 1 year low of $8.75 and a 1 year high of $23.29. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.91 and a quick ratio of 1.68. The stock has a 50 day simple moving average of $17.06 and a two-hundred day simple moving average of $17.67. The firm has a market cap of $4.03 billion, a P/E ratio of 14.15 and a beta of -0.06.
Analysts Set New Price Targets
Several brokerages recently issued reports on ARIS. Zacks Research lowered shares of Aris Mining from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 5th. Weiss Ratings downgraded Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, August 20th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold”.
Read Our Latest Research Report on Aris Mining
Aris Mining Company Profile
Aris Mining Corporation is a gold mining company focused on the exploration, development and operation of mineral properties in Colombia. The company produces gold and associated silver through its underground and processing operations, with a strategy centered on expanding production, extending mine lives and advancing exploration opportunities in established mining districts.
Aris Mining’s principal assets include the Segovia Operations in Antioquia, Colombia, a long-running high-grade underground mining complex, and the Marmato Mining Complex in Caldas, Colombia.
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