Rockefeller Capital Management L.P. Purchases 218,606 Shares of Aris Mining Co. $ARIS

Rockefeller Capital Management L.P. increased its position in shares of Aris Mining Co. (NYSE:ARIS) by 190,092.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 218,721 shares of the company’s stock after buying an additional 218,606 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.11% of Aris Mining worth $3,550,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its holdings in shares of 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 acquiring an additional 1,441 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Aris Mining during the fourth quarter worth approximately $27,000. Cetera Investment Advisers lifted its holdings in shares of 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. Global Retirement Partners LLC bought a new position in shares of Aris Mining in the 4th quarter worth $37,000. Finally, Geode Capital Management LLC grew its position in Aris Mining by 3.0% in the 2nd 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 period. Institutional investors own 39.71% of the company’s stock.

Aris Mining Stock Performance

Shares of Aris Mining stock opened at $15.14 on Friday. Aris Mining Co. has a 52 week low of $6.42 and a 52 week high of $23.29. The company has a quick ratio of 1.62, a current ratio of 1.78 and a debt-to-equity ratio of 0.30. The business has a 50 day moving average price of $17.58 and a 200-day moving average price of $17.96. The company has a market cap of $3.13 billion, a PE ratio of 18.03 and a beta of -0.39.

Aris Mining (NYSE:ARIS) last announced its earnings results on Wednesday, May 6th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.05). Aris Mining had a net margin of 15.19% and a return on equity of 20.97%. The company had revenue of $372.48 million for the quarter. Equities analysts anticipate that Aris Mining Co. will post 2.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Zacks Research downgraded shares of Aris Mining from a “hold” rating to a “strong sell” rating in a report on Monday, May 18th. Weiss Ratings cut shares of Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Aris Mining currently has a consensus rating of “Hold” and an average target price of $17.00.

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.