UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Invests $1.67 Million in Aris Mining Co. $ARIS

Key Points

• UBS Asset Management purchased 112,249 shares of Aris Mining during the second quarter, valued at approximately $1.67 million and representing a 0.05% stake.
• Aris Mining reported quarterly earnings of $0.47 per share, exceeding analyst expectations of $0.39, while revenue reached $330.23 million and net margin was 22.43%.
• Analyst sentiment remains mixed, with two Buy ratings, one Hold and one Sell; the overall consensus rating is Hold after recent downgrades from Weiss Ratings and Zacks Research.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Aris Mining Co. (NYSE:ARIS - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 112,249 shares of the company's stock, valued at approximately $1,674,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.05% of Aris Mining at the end of the most recent quarter.

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

Aris Mining Trading Up 0.6%

Shares of Aris Mining stock opened at $19.52 on Friday. The company's 50-day moving average price is $17.06 and its 200-day moving average price is $17.67. 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 $8.75 and a 12-month high of $23.29. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 14.15 and a beta of -0.06.

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. Aris Mining had a net margin of 22.43% and a return on equity of 22.82%. The business had revenue of $330.23 million for the quarter. On average, equities analysts expect that Aris Mining Co. will post 2.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ARIS. Weiss Ratings cut Aris Mining from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, August 20th. Zacks Research downgraded shares of Aris Mining from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 5th. Two 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold".

About Aris Mining

Aris Mining Corporation is a gold mining company focused on the exploration, development and operation of mineral properties in Colombia. The company produces gold and associated silver through its underground and processing operations, with a strategy centered on expanding production, extending mine lives and advancing exploration opportunities in established mining districts.

Aris Mining's principal assets include the Segovia Operations in Antioquia, Colombia, a long-running high-grade underground mining complex, and the Marmato Mining Complex in Caldas, Colombia.

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