Quantbot Technologies LP Takes $982,000 Position in Aris Mining Co. $ARIS

Key Points

• Quantbot Technologies LP acquired 65,835 Aris Mining shares in the second quarter, worth approximately $982,000. Institutional investors collectively own 39.71% of the company.
• Analyst sentiment is mixed: three analysts rate the stock Buy, one Hold and one Sell, resulting in a consensus Hold rating and a $17.00 price target. Zacks Research and Weiss Ratings recently downgraded the shares.
• Aris Mining reported quarterly earnings of $0.47 per share, beating estimates of $0.39, on revenue of $330.23 million. The stock opened at $20.60, compared with a 12-month range of $7.83 to $23.29.

Quantbot Technologies LP acquired a new position in shares of Aris Mining Co. (NYSE:ARIS - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 65,835 shares of the company's stock, valued at approximately $982,000.

Other large investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its holdings in Aris Mining by 2.7% in the third 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 increased its stake in Aris Mining by 15.0% during the second quarter. FNY Investment Advisers LLC now owns 11,500 shares of the company's stock worth $171,000 after acquiring an additional 1,500 shares during the last quarter. RMG Wealth Management LLC purchased a new position in shares of Aris Mining in the 1st quarter worth about $30,000. Kestra Advisory Services LLC purchased a new position in shares of Aris Mining in the 4th quarter worth about $27,000. Finally, Cetera Investment Advisers lifted its stake in shares of Aris Mining by 2.5% in the 2nd 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 in the last quarter. 39.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Aris Mining Trading Down 2.7%

NYSE:ARIS opened at $20.60 on Thursday. The business's 50-day moving average is $15.99 and its two-hundred day moving average is $17.58. The firm has a market capitalization of $4.25 billion, a PE ratio of 14.93 and a beta of -0.14. Aris Mining Co. has a 12 month low of $7.83 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.

Aris Mining (NYSE:ARIS - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.47 earnings per share for the quarter, topping 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. Research analysts predict that Aris Mining Co. will post 2.28 earnings per share for the current fiscal 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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