Arrowstreet Capital Limited Partnership Acquires New Shares in Aris Mining Co. $ARIS

Arrowstreet Capital Limited Partnership acquired a new position in shares of Aris Mining Co. (NYSE:ARIS) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,246,294 shares of the company’s stock, valued at approximately $97,429,000.

Other institutional investors also recently bought and sold shares of the company. RMG Wealth Management LLC acquired a new stake in Aris Mining in the first quarter valued at $30,000. Kestra Advisory Services LLC purchased a new position in shares of Aris Mining in the fourth quarter valued at $27,000. Global Retirement Partners LLC acquired a new position in shares of Aris Mining during the 4th quarter worth $37,000. PNC Financial Services Group Inc. acquired a new position in shares of Aris Mining during the 1st quarter worth $45,000. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of Aris Mining in the 1st quarter worth about $46,000. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

Aris Mining Price Performance

Aris Mining stock opened at $14.66 on Friday. The stock has a market capitalization of $3.03 billion, a P/E ratio of 17.46 and a beta of -0.22. Aris Mining Co. has a 12-month low of $6.65 and a 12-month high of $23.29. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.78 and a quick ratio of 1.62. The firm’s 50-day moving average is $15.81 and its two-hundred day moving average is $17.81.

Aris Mining (NYSE:ARIS) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.05). The firm had revenue of $372.48 million during the quarter. Aris Mining had a net margin of 15.19% and a return on equity of 20.97%. Equities analysts predict that Aris Mining Co. will post 2.41 earnings per share for the current year.

Analyst Ratings Changes

ARIS has been the subject of several recent research reports. Weiss Ratings downgraded shares of Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Zacks Research raised shares of Aris Mining from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.