Cetera Investment Advisers Takes $1.77 Million Position in Aris Mining Co. $ARIS

Key Points

• Cetera Investment Advisers acquired 95,616 Aris Mining shares during the first quarter, worth approximately $1.77 million. Institutional investors now own 39.71% of the company.
• Analyst sentiment remains generally positive: four analysts rate Aris Mining a Buy and one rates it a Sell, resulting in a MarketBeat consensus of “Moderate Buy” with a $17.00 average price target.
• Aris Mining exceeded quarterly earnings expectations, reporting $0.47 in EPS versus a $0.39 consensus and $330.23 million in revenue. Shares opened at $17.08, while the stock has traded between $6.65 and $23.29 over the past year.

Cetera Investment Advisers acquired a new stake in shares of Aris Mining Co. (NYSE:ARIS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 95,616 shares of the company's stock, valued at approximately $1,770,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. acquired a new position in Aris Mining in the 1st quarter valued at about $45,000. Hollencrest Capital Management acquired a new stake in shares of Aris Mining during the 1st quarter worth about $50,000. Swiss National Bank purchased a new stake in shares of Aris Mining during the first quarter worth about $6,688,000. Bank of New York Mellon Corp purchased a new stake in shares of Aris Mining during the first quarter worth about $686,000. Finally, Geneos Wealth Management Inc. acquired a new position in shares of Aris Mining in the first quarter valued at approximately $46,000. Hedge funds and other institutional investors own 39.71% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on ARIS shares. Zacks Research downgraded shares of Aris Mining from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 5th. Weiss Ratings raised shares of Aris Mining from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, Aris Mining has an average rating of "Moderate Buy" and an average target price of $17.00.

Aris Mining Stock Down 1.8%

Shares of NYSE:ARIS opened at $17.08 on Tuesday. The company has a current ratio of 1.91, a quick ratio of 1.68 and a debt-to-equity ratio of 0.26. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 12.38 and a beta of -0.14. The stock's 50-day moving average price is $15.29 and its two-hundred day moving average price is $17.62. Aris Mining Co. has a 12-month low of $6.65 and a 12-month high of $23.29.

Aris Mining (NYSE:ARIS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.08. Aris Mining had a net margin of 22.43% and a return on equity of 22.82%. The company had revenue of $330.23 million during the quarter. On average, research analysts forecast that Aris Mining Co. will post 2.28 EPS for the current year.

Aris Mining Company 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.

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