400,000 Shares of Aris Mining Co. $ARIS Acquired by U S Global Investors Inc.

Key Points

• U S Global Investors acquired 400,000 Aris Mining shares in the third quarter, valued at about $6.96 million and representing roughly 0.19% of the company. Institutional investors collectively own 39.71% of ARIS.
• Analyst sentiment remains generally positive, with three Buy ratings and one Hold rating producing a “Moderate Buy” consensus, despite one downgrade from Buy to Hold.
• Aris Mining reported quarterly EPS of $0.47, beating estimates of $0.39, on revenue of $330.23 million. The stock opened at $15.64, below its 52-week high of $23.29.

U S Global Investors Inc. bought a new stake in Aris Mining Co. (NYSE:ARIS - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 400,000 shares of the company's stock, valued at approximately $6,960,000. U S Global Investors Inc. owned approximately 0.19% of Aris Mining at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Global Strategic Management Inc. acquired a new stake in Aris Mining in the third quarter valued at approximately $987,000. Farther Finance Advisors LLC increased its holdings in shares of Aris Mining by 12.0% during the third quarter. Farther Finance Advisors LLC now owns 17,642 shares of the company's stock valued at $307,000 after acquiring an additional 1,888 shares in the last quarter. Toth Financial Advisory Corp acquired a new position in shares of Aris Mining during the third quarter worth approximately $230,000. Engineers Gate Manager LP raised its position in shares of Aris Mining by 275.3% during the second quarter. Engineers Gate Manager LP now owns 120,499 shares of the company's stock worth $1,797,000 after purchasing an additional 88,394 shares during the period. Finally, Amundi acquired a new position in shares of Aris Mining during the second quarter worth approximately $16,446,000. 39.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ARIS shares. Wall Street Zen cut Aris Mining from a "buy" rating to a "hold" rating in a report on Saturday, October 10th. Weiss Ratings upgraded shares of Aris Mining from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, September 18th. Finally, Zacks Research upgraded shares of Aris Mining from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 29th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Aris Mining Price Performance

ARIS stock opened at $15.64 on Friday. The company has a market capitalization of $3.23 billion, a P/E ratio of 9.84 and a beta of 0.04. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.68 and a current ratio of 1.91. Aris Mining Co. has a 52-week low of $8.75 and a 52-week high of $23.29. The business has a 50-day simple moving average of $18.63 and a two-hundred day simple moving average of $17.52.

Aris Mining (NYSE:ARIS - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.08. The company had revenue of $330.23 million for the quarter. Aris Mining had a return on equity of 22.82% and a net margin of 22.43%. Research analysts expect that Aris Mining Co. will post 2.14 EPS for the current fiscal year.

Aris Mining Company Profile

Aris Mining Corporation is a gold mining company focused on the exploration, development and operation of mineral properties in Latin America. The company's primary product is gold, with silver produced as a byproduct at certain operations.

Aris Mining's principal assets are in Colombia, including the Segovia Operations in Antioquia and the Marmato mining complex in Caldas. Segovia is an established underground mining district with processing facilities, while Marmato includes existing operations and development opportunities intended to support long-term production.

The company also has exploration and development interests in Guyana, including the Toroparu project.

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