Caisse de depot et placement du Quebec acquired a new stake in shares of Aris Mining Co. (NYSE:ARIS - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 205,389 shares of the company's stock, valued at approximately $3,062,000. Caisse de depot et placement du Quebec owned about 0.10% of Aris Mining as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in ARIS. Public Employees Retirement System of Ohio raised its holdings in 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 valued at $546,000 after acquiring an additional 1,441 shares in the last quarter. FNY Investment Advisers LLC lifted its position in Aris Mining by 15.0% in the second quarter. FNY Investment Advisers LLC now owns 11,500 shares of the company's stock worth $171,000 after purchasing an additional 1,500 shares during the period. RMG Wealth Management LLC acquired a new stake in Aris Mining during the first quarter worth $30,000. Kestra Advisory Services LLC acquired a new position in shares of Aris Mining in the 4th quarter valued at $27,000. Finally, Cetera Investment Advisers raised its stake 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 valued at $593,000 after buying an additional 2,135 shares in the last quarter. 39.71% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
ARIS has been the subject of a number of analyst reports. Zacks Research cut shares of Aris Mining from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 5th. Weiss Ratings cut Aris Mining from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, August 20th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $17.00.
View Our Latest Stock Analysis on ARIS
Aris Mining Trading Down 4.4%
Shares of Aris Mining stock opened at $20.32 on Friday. Aris Mining Co. has a 12-month low of $8.10 and a 12-month high of $23.29. The stock has a market capitalization of $4.19 billion, a P/E ratio of 14.72 and a beta of -0.14. The company has a 50-day simple moving average of $16.16 and a 200 day simple moving average of $17.63. The company has a quick ratio of 1.68, a current ratio of 1.91 and a debt-to-equity ratio of 0.26.
Aris Mining (NYSE:ARIS - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates 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%. Research analysts expect that Aris Mining Co. will post 2.28 earnings per share for the current fiscal year.
Aris Mining Company Profile
(
Free Report)
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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