PDT Partners LLC Makes New Investment in Aris Mining Co. $ARIS

Key Points

• PDT Partners LLC acquired 107,381 shares of Aris Mining valued at approximately $1.6 million, while institutional investors collectively own 39.71% of the company.
• Analyst sentiment is mixed: Aris Mining has an average “Hold” rating and a consensus price target of $17, with recent downgrades from Weiss Ratings and Zacks Research.
• Aris Mining’s latest quarterly results exceeded expectations, with earnings per share of $0.47 versus the $0.39 estimate and revenue of $330.23 million; shares opened at $20.60 after a 2.7% decline.

PDT Partners LLC purchased a new position in Aris Mining Co. (NYSE:ARIS - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 107,381 shares of the company's stock, valued at approximately $1,601,000. PDT Partners LLC owned approximately 0.05% of Aris Mining at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ARIS. Public Employees Retirement System of Ohio boosted its position in shares of Aris Mining by 2.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 55,647 shares of the company's stock valued at $546,000 after acquiring an additional 1,441 shares during the last quarter. FNY Investment Advisers LLC raised its stake in Aris Mining by 15.0% in the second quarter. FNY Investment Advisers LLC now owns 11,500 shares of the company's stock valued at $171,000 after purchasing an additional 1,500 shares in the last quarter. RMG Wealth Management LLC bought a new stake in Aris Mining during the first quarter valued at approximately $30,000. Kestra Advisory Services LLC bought a new stake in Aris Mining during the fourth quarter valued at approximately $27,000. Finally, Cetera Investment Advisers grew its stake in Aris Mining by 2.5% in the 2nd quarter. Cetera Investment Advisers now owns 88,214 shares of the company's stock worth $593,000 after buying an additional 2,135 shares in the last quarter. 39.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Aris Mining Stock Down 2.7%

Shares of Aris Mining stock opened at $20.60 on Thursday. The company has a current ratio of 1.91, a quick ratio of 1.68 and a debt-to-equity ratio of 0.26. Aris Mining Co. has a 12-month low of $7.83 and a 12-month high of $23.29. The company has a market cap of $4.25 billion, a P/E ratio of 14.93 and a beta of -0.14. The company's fifty day simple moving average is $15.99 and its two-hundred day simple moving average is $17.58.

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, topping analysts' consensus estimates of $0.39 by $0.08. The firm had revenue of $330.23 million for the quarter. Aris Mining had a return on equity of 22.82% and a net margin of 22.43%. Research analysts anticipate that Aris Mining Co. will post 2.28 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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