274,371 Shares in Aris Mining Co. $ARIS Acquired by Edmond DE Rothschild Holding S.A.

Key Points

• Edmond de Rothschild Holding acquired 274,371 Aris Mining shares worth approximately $4.1 million, giving it a 0.13% stake. Institutional investors collectively own 39.71% of the company.
• Aris Mining shares were reported up 11.6%, opening at $19.64, while the company’s latest quarterly results exceeded expectations with EPS of $0.47 versus a $0.39 consensus estimate and revenue of $330.23 million.
• Analyst sentiment remains mixed but leans positive: four analysts rate the stock Buy and one rates it Sell, producing a “Moderate Buy” consensus, though the average price target of $17.00 is below the reported share price.

Edmond DE Rothschild Holding S.A. bought a new stake in Aris Mining Co. (NYSE:ARIS - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 274,371 shares of the company's stock, valued at approximately $4,076,000. Edmond DE Rothschild Holding S.A. owned approximately 0.13% of Aris Mining at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Public Employees Retirement System of Ohio increased its holdings in shares of Aris Mining by 2.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 55,647 shares of the company's stock worth $546,000 after buying an additional 1,441 shares during the last quarter. FNY Investment Advisers LLC raised its position in shares of Aris Mining by 15.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 11,500 shares of the company's stock valued at $171,000 after buying an additional 1,500 shares in the last quarter. RMG Wealth Management LLC bought a new stake in shares of Aris Mining during the 1st quarter worth $30,000. Kestra Advisory Services LLC bought a new stake in shares of Aris Mining during the 4th quarter worth $27,000. Finally, Cetera Investment Advisers grew its position in Aris Mining by 2.5% in the second quarter. Cetera Investment Advisers now owns 88,214 shares of the company's stock worth $593,000 after acquiring an additional 2,135 shares in the last quarter. 39.71% of the stock is currently owned by institutional investors.

Aris Mining Stock Up 11.6%

Shares of NYSE ARIS opened at $19.64 on Thursday. Aris Mining Co. has a one year low of $6.76 and a one 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 firm's 50 day simple moving average is $15.57 and its two-hundred day simple moving average is $17.50. The stock has a market capitalization of $4.05 billion, a P/E ratio of 14.23 and a beta of -0.14.

Aris Mining (NYSE:ARIS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.39 by $0.08. The firm had revenue of $330.23 million for the quarter. Aris Mining had a net margin of 22.43% and a return on equity of 22.82%. As a group, analysts expect that Aris Mining Co. will post 2.28 EPS for the current fiscal year.

Analysts Set New Price Targets

ARIS has been the topic of a number of research analyst reports. Weiss Ratings raised Aris Mining from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 6th. Zacks Research lowered Aris Mining from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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.

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