Intact Investment Management Inc. Purchases Shares of 153,500 Aris Mining Co. $ARIS

Key Points

• Intact Investment Management bought a new stake of 153,500 shares in Aris Mining worth about $2.49 million, while other institutions (e.g., Mirae +96.4%, Goldman +31%) also raised positions, leaving institutional ownership at 39.71%.
• Aris missed quarterly EPS expectations, reporting $0.37 vs. a consensus of $0.54 on revenue of $308.6M, yet analysts have recently upgraded the stock to a consensus "Buy" with an average price target of $17.00.
• The stock opened at $17.51, trades in a 12‑month range of $5.37–$23.29, and has a market cap of $3.61 billion with a P/E of 46.07.

Intact Investment Management Inc. purchased a new stake in Aris Mining Co. (NYSE:ARIS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 153,500 shares of the company's stock, valued at approximately $2,489,000. Intact Investment Management Inc. owned 0.07% of Aris Mining at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ARIS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Aris Mining by 96.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 521,597 shares of the company's stock valued at $2,410,000 after purchasing an additional 256,022 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Aris Mining by 31.0% in the first quarter. Goldman Sachs Group Inc. now owns 706,876 shares of the company's stock valued at $3,280,000 after purchasing an additional 167,212 shares during the period. Geode Capital Management LLC increased its stake in shares of Aris Mining by 3.0% in the second quarter. Geode Capital Management LLC now owns 89,102 shares of the company's stock valued at $599,000 after purchasing an additional 2,617 shares during the period. Cetera Investment Advisers increased its stake in shares of Aris Mining by 2.5% in the second quarter. Cetera Investment Advisers now owns 88,214 shares of the company's stock valued at $593,000 after purchasing an additional 2,135 shares during the period. Finally, Walleye Capital LLC acquired a new stake in shares of Aris Mining in the second quarter valued at approximately $548,000. Institutional investors and hedge funds own 39.71% of the company's stock.

Aris Mining Price Performance

NYSE ARIS opened at $17.51 on Tuesday. Aris Mining Co. has a 12 month low of $5.37 and a 12 month high of $23.29. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.58. The firm has a market capitalization of $3.61 billion, a PE ratio of 46.07 and a beta of -0.35. The company's 50 day simple moving average is $18.95 and its 200 day simple moving average is $16.40.

Aris Mining (NYSE:ARIS - Get Free Report) last posted its quarterly earnings results on Wednesday, March 11th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.17). The business had revenue of $308.57 million during the quarter. Aris Mining had a return on equity of 15.59% and a net margin of 8.45%. As a group, equities research analysts forecast that Aris Mining Co. will post 2.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Weiss Ratings upgraded shares of Aris Mining from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, March 25th. Zacks Research upgraded shares of Aris Mining from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 28th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Aris Mining in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to data from MarketBeat, Aris Mining has a consensus rating of "Buy" and an average price target 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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