Hillsdale Investment Management Inc. Buys New Holdings in Aris Mining Co. $ARIS

Key Points

• Hillsdale Investment Management opened a new position in Aris Mining during the first quarter, buying 1,039,776 shares valued at about $19.3 million and ending with roughly 0.50% ownership.
• Institutional interest in Aris Mining remains notable, with several other hedge funds and asset managers also initiating stakes; overall, 39.71% of the stock is held by institutional investors and hedge funds.
• Analyst sentiment has improved, with recent upgrades from Zacks Research and Weiss Ratings, leaving the stock with a Moderate Buy consensus and a $17.00 price target.

Hillsdale Investment Management Inc. purchased a new position in shares of Aris Mining Co. (NYSE:ARIS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,039,776 shares of the company's stock, valued at approximately $19,302,000. Hillsdale Investment Management Inc. owned about 0.50% of Aris Mining at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ARIS. TT International Asset Management LTD purchased a new position in shares of Aris Mining during the fourth quarter worth $12,864,000. Tudor Investment Corp ET AL acquired a new position in Aris Mining during the third quarter valued at $10,038,000. Intact Investment Management Inc. purchased a new stake in Aris Mining in the fourth quarter valued at $2,489,000. Zweig DiMenna Associates LLC purchased a new stake in Aris Mining in the fourth quarter valued at $4,885,000. Finally, U S Global Investors Inc. acquired a new stake in Aris Mining during the 1st quarter worth about $6,319,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ARIS has been the subject of a number of recent research reports. Zacks Research upgraded Aris Mining from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 7th. Weiss Ratings upgraded Aris Mining from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, July 8th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.00.

Aris Mining Price Performance

Shares of NYSE ARIS opened at $14.17 on Tuesday. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 16.86 and a beta of -0.22. Aris Mining Co. has a 12 month low of $6.65 and a 12 month high of $23.29. The firm's 50 day simple moving average is $16.69 and its 200-day simple moving average is $17.94. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.78 and a quick ratio of 1.62.

Aris Mining (NYSE:ARIS - Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.05). Aris Mining had a net margin of 15.19% and a return on equity of 20.97%. The firm had revenue of $372.48 million during the quarter. Analysts expect that Aris Mining Co. will post 2.5 EPS for the current year.

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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