Man Group plc Acquires Shares of 102,443 Aris Mining Co. $ARIS

Key Points

• Man Group acquired 102,443 Aris Mining shares during the second quarter, valued at approximately $1.53 million. Institutional investors collectively own 39.71% of the company.
• Analyst sentiment is mixed: Weiss Ratings and Zacks Research downgraded the stock, while the broader analyst consensus is “Hold” with an average price target of $17.
• Aris Mining reported quarterly EPS of $0.47, beating the $0.39 consensus estimate, on revenue of $330.23 million. The stock recently traded at $19.67, up 4.3%.

Man Group plc bought a new position in shares of Aris Mining Co. (NYSE:ARIS - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 102,443 shares of the company's stock, valued at approximately $1,527,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Kestra Advisory Services LLC purchased a new position in Aris Mining during the 4th quarter worth $27,000. RMG Wealth Management LLC purchased a new position in shares of Aris Mining in the 1st quarter valued at $30,000. Global Retirement Partners LLC purchased a new position in Aris Mining in the fourth quarter valued at about $37,000. PNC Financial Services Group Inc. bought a new position in shares of Aris Mining during the 1st quarter worth approximately $45,000. Finally, Geneos Wealth Management Inc. acquired a new position in shares of Aris Mining during the first quarter worth $46,000. Institutional investors own 39.71% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on ARIS. Weiss Ratings downgraded shares of Aris Mining from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, August 20th. Zacks Research downgraded Aris Mining from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $17.00.

Aris Mining Stock Up 4.3%

NYSE:ARIS opened at $19.67 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.91 and a quick ratio of 1.68. The company's fifty day moving average price is $16.39 and its 200-day moving average price is $17.62. Aris Mining Co. has a 1-year low of $8.75 and a 1-year high of $23.29. The firm has a market capitalization of $4.06 billion, a P/E ratio of 14.26 and a beta of -0.07.

Aris Mining (NYSE:ARIS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.39 by $0.08. The company 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%. As a group, equities research analysts anticipate that Aris Mining Co. will post 2.28 EPS for the current year.

Aris Mining 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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