Sheets Smith Wealth Management Purchases Shares of 57,698 Aris Mining Co. $ARIS

Key Points

• Sheets Smith Wealth Management purchased 57,698 shares of Aris Mining worth approximately $859,000 during the second quarter. Institutional investors and hedge funds collectively own 39.71% of the company.
• Aris Mining reported quarterly earnings of $0.47 per share, exceeding analyst expectations of $0.39, on revenue of $330.23 million. The company posted a 22.43% net margin and 22.82% return on equity.
• Analyst sentiment is mixed, with three Buy ratings, one Hold and one Sell; the consensus rating is Hold with a $17.00 target price. Shares recently traded at $20.32 after a 4.4% decline.

Sheets Smith Wealth Management acquired a new stake 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 acquired 57,698 shares of the company's stock, valued at approximately $859,000.

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

Aris Mining Trading Down 4.4%

Aris Mining stock opened at $20.32 on Friday. The firm has a market cap of $4.19 billion, a PE ratio of 14.72 and a beta of -0.14. Aris Mining Co. has a 12 month low of $8.10 and a 12 month high of $23.29. The stock's 50 day simple moving average is $16.16 and its two-hundred day simple moving average is $17.63. 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 (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, beating the consensus estimate of $0.39 by $0.08. Aris Mining had a net margin of 22.43% and a return on equity of 22.82%. The firm had revenue of $330.23 million during the quarter. Analysts anticipate that Aris Mining Co. will post 2.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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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