Aris Mining Co. $ARIS is Apis Capital Advisors LLC’s 2nd Largest Position

Apis Capital Advisors LLC cut its holdings in Aris Mining Co. (NYSE:ARIS) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,424,000 shares of the company’s stock after selling 90,000 shares during the quarter. Aris Mining comprises 6.8% of Apis Capital Advisors LLC’s holdings, making the stock its 2nd largest position. Apis Capital Advisors LLC owned 1.18% of Aris Mining worth $39,310,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Armistice Capital LLC purchased a new stake in Aris Mining in the fourth quarter valued at about $296,000. Guggenheim Capital LLC purchased a new position in shares of Aris Mining in the fourth quarter worth about $2,995,000. Cetera Investment Advisers raised its stake in shares of Aris Mining by 16.8% in the fourth quarter. Cetera Investment Advisers now owns 92,765 shares of the company’s stock worth $1,507,000 after purchasing an additional 13,325 shares during the last quarter. Jain Global LLC raised its stake in shares of Aris Mining by 446.2% in the fourth quarter. Jain Global LLC now owns 125,617 shares of the company’s stock worth $2,038,000 after purchasing an additional 102,617 shares during the last quarter. Finally, FIL Ltd purchased a new position in shares of Aris Mining in the fourth quarter worth about $62,900,000. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

Aris Mining Stock Performance

Shares of Aris Mining stock opened at $17.09 on Thursday. Aris Mining Co. has a one year low of $6.31 and a one year high of $23.29. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 20.35 and a beta of -0.39. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.62 and a current ratio of 1.78. The business’s 50 day moving average price is $18.27 and its 200 day moving average price is $17.90.

Aris Mining (NYSE:ARIS) last posted its earnings results on Wednesday, May 6th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.05). Aris Mining had a net margin of 15.19% and a return on equity of 20.97%. The business had revenue of $372.48 million during the quarter. On average, research analysts predict that Aris Mining Co. will post 2.62 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Zacks Research cut Aris Mining from a “hold” rating to a “strong sell” rating in a research note on Monday, May 18th. Weiss Ratings cut Aris Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Aris Mining has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

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.