Public Employees Retirement System of Ohio Invests $919,000 in Aris Mining Co. $ARIS

Key Points

• Public Employees Retirement System of Ohio acquired 61,631 Aris Mining shares worth approximately $919,000 in the second quarter. Institutional investors and hedge funds collectively own 39.71% of the company.
• Analyst sentiment is mixed: two analysts rate the stock Buy, one Hold, and one Sell. The consensus rating is Hold, following downgrades from Weiss Ratings and Zacks Research.
• Aris Mining reported quarterly earnings of $0.47 per share, beating estimates of $0.39, on revenue of $330.23 million. Shares opened at $20.11, compared with a 12-month range of $8.75 to $23.29.

Public Employees Retirement System of Ohio bought a new stake in shares of Aris Mining Co. (NYSE:ARIS - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 61,631 shares of the company's stock, valued at approximately $919,000.

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

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Weiss Ratings downgraded Aris Mining from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, August 20th. Zacks Research cut Aris Mining from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold".

Aris Mining Stock Performance

Shares of ARIS stock opened at $20.11 on Thursday. Aris Mining Co. has a 12 month low of $8.75 and a 12 month high of $23.29. 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 firm has a market capitalization of $4.15 billion, a P/E ratio of 14.57 and a beta of -0.06. The company's fifty day moving average price is $16.92 and its two-hundred day moving average price is $17.66.

Aris Mining (NYSE:ARIS - Get Free Report) last announced 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 return on equity of 22.82% and a net margin of 22.43%.The company had revenue of $330.23 million during the quarter. On average, research analysts anticipate that Aris Mining Co. will post 2.28 earnings per share for the current fiscal 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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