Deutsche Bank AG Buys New Position in Aris Mining Co. $ARIS

Key Points

• Deutsche Bank AG acquired 1,429,958 shares of Aris Mining in the second quarter, valued at approximately $21.3 million and representing a 0.69% stake.
• Institutional ownership stands at 39.71%, with several other investors—including Alberta Investment Management and Bank of New York Mellon—also initiating positions during the quarter.
• Aris Mining reported quarterly EPS of $0.47, beating estimates of $0.39, while shares recently traded at $20.89. Analysts hold a “Moderate Buy” consensus, though the $17 average price target is below the current stock price.

Deutsche Bank AG bought a new position in Aris Mining Co. (NYSE:ARIS - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,429,958 shares of the company's stock, valued at approximately $21,321,000. Deutsche Bank AG owned 0.69% of Aris Mining as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Alberta Investment Management Corp acquired a new stake in shares of Aris Mining during the second quarter worth $821,000. Bank of New York Mellon Corp acquired a new position in Aris Mining in the second quarter valued at $458,000. State of Wyoming purchased a new position in Aris Mining during the second quarter worth about $129,000. FNY Investment Advisers LLC lifted its position in Aris Mining by 15.0% during the second quarter. FNY Investment Advisers LLC now owns 11,500 shares of the company's stock worth $171,000 after buying an additional 1,500 shares during the period. Finally, PVG Asset Management Corp acquired a new stake in Aris Mining in the 1st quarter worth about $2,283,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Aris Mining Price Performance

Aris Mining stock opened at $20.89 on Friday. The firm has a fifty day moving average of $15.78 and a 200-day moving average of $17.55. Aris Mining Co. has a 52-week low of $6.87 and a 52-week high of $23.29. The company has a quick ratio of 1.68, a current ratio of 1.91 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $4.31 billion, a P/E ratio of 15.14 and a beta of -0.14.

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 the consensus estimate of $0.39 by $0.08. Aris Mining had a net margin of 22.43% and a return on equity of 22.82%. The business had revenue of $330.23 million for the quarter. As a group, analysts predict that Aris Mining Co. will post 2.28 EPS for the current year.

Analysts Set New Price Targets

ARIS has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of Aris Mining from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 6th. Zacks Research downgraded shares of Aris Mining from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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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