The Manufacturers Life Insurance Company Makes New Investment in Aris Mining Co. $ARIS

Key Points

• The Manufacturers Life Insurance Company acquired 185,713 Aris Mining shares worth approximately $3.45 million, representing about 0.09% of the company. Institutional investors collectively own 39.71% of ARIS.
• Analyst sentiment is mixed: three analysts rate the stock Buy, one rates it Hold and one Sell; the consensus rating is Hold with a $17.00 price target.
• Aris Mining shares opened at $17.40 after rising 10.7%, while the company reported quarterly EPS of $0.47, exceeding the $0.39 consensus estimate, on $330.23 million in revenue.

The Manufacturers Life Insurance Company purchased a new position in shares of Aris Mining Co. (NYSE:ARIS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 185,713 shares of the company's stock, valued at approximately $3,445,000. The Manufacturers Life Insurance Company owned approximately 0.09% of Aris Mining as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ARIS. Kestra Advisory Services LLC acquired a new position in Aris Mining during the fourth quarter worth $27,000. RMG Wealth Management LLC acquired a new stake in Aris Mining in the 1st quarter valued at $30,000. Global Retirement Partners LLC acquired a new stake in Aris Mining in the 4th quarter valued at $37,000. PNC Financial Services Group Inc. bought a new stake in Aris Mining during the 1st quarter worth about $45,000. Finally, Geneos Wealth Management Inc. bought a new stake in Aris Mining during the 1st quarter worth about $46,000. Institutional investors own 39.71% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ARIS shares. Zacks Research cut Aris Mining from a "hold" rating to a "strong sell" rating in a report on Wednesday. Weiss Ratings lowered Aris Mining from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, July 23rd. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Aris Mining presently has an average rating of "Hold" and a consensus price target of $17.00.

Aris Mining Trading Up 10.7%

Shares of Aris Mining stock opened at $17.40 on Friday. 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 business has a fifty day simple moving average of $15.30 and a two-hundred day simple moving average of $17.64. Aris Mining Co. has a 1 year low of $6.65 and a 1 year high of $23.29. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 12.61 and a beta of -0.14.

Aris Mining (NYSE:ARIS - Get Free Report) last issued its quarterly earnings data 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. 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%. Research analysts forecast 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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