BNP Paribas Financial Markets Decreases Stake in Aris Mining Co. $ARIS

BNP Paribas Financial Markets decreased its position in Aris Mining Co. (NYSE:ARIS) by 9.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 793,073 shares of the company’s stock after selling 80,974 shares during the period. BNP Paribas Financial Markets’ holdings in Aris Mining were worth $12,872,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new stake in shares of Aris Mining during the 4th quarter worth approximately $37,000. PNC Financial Services Group Inc. purchased a new stake in shares of Aris Mining during the 4th quarter worth approximately $45,000. Banque Cantonale Vaudoise purchased a new stake in shares of Aris Mining during the 3rd quarter worth approximately $93,000. Insigneo Advisory Services LLC purchased a new stake in shares of Aris Mining during the 3rd quarter worth approximately $98,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its stake in shares of Aris Mining by 51.3% during the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 11,800 shares of the company’s stock worth $116,000 after purchasing an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 39.71% of the company’s stock.

Aris Mining Trading Down 0.2%

Shares of Aris Mining stock opened at $15.20 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.78 and a quick ratio of 1.62. Aris Mining Co. has a 1 year low of $6.24 and a 1 year high of $23.29. The firm has a market cap of $3.14 billion, a PE ratio of 18.09 and a beta of -0.39. The company has a 50 day simple moving average of $18.66 and a two-hundred day simple moving average of $17.71.

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

Analyst Ratings Changes

Several research analysts recently commented on ARIS shares. 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 downgraded shares of Aris Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

About Aris Mining

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.