William Blair Investment Management LLC Buys Shares of 381,262 Aris Mining Co. $ARIS

Key Points

• William Blair Investment Management bought 381,262 Aris Mining shares worth approximately $5.68 million, taking a 0.18% stake. Overall, institutional investors and hedge funds own 39.71% of the company.
• Analyst sentiment is mixed: three analysts rate ARIS a Buy, one rates it Hold and one rates it Sell. The average rating is Hold, with a consensus price target of $17.00.
• Aris Mining exceeded quarterly earnings expectations, reporting $0.47 EPS versus the $0.39 consensus and revenue of $330.23 million. The stock opened at $20.89, near its 12-month high of $23.29.

William Blair Investment Management LLC acquired a new stake in shares of Aris Mining Co. (NYSE:ARIS - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 381,262 shares of the company's stock, valued at approximately $5,680,000. William Blair Investment Management LLC owned 0.18% of Aris Mining at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ARIS. RMG Wealth Management LLC purchased a new position in shares of Aris Mining during the 1st quarter valued at $30,000. Kestra Advisory Services LLC purchased a new stake in Aris Mining during the fourth quarter valued at about $27,000. Global Retirement Partners LLC bought a new position in Aris Mining during the fourth quarter worth about $37,000. PNC Financial Services Group Inc. purchased a new position in shares of Aris Mining in the first quarter worth about $45,000. Finally, Geneos Wealth Management Inc. purchased a new position in shares of Aris Mining in the first quarter worth about $46,000. 39.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on ARIS shares. Zacks Research cut shares of Aris Mining from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 5th. Weiss Ratings downgraded Aris Mining from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday. Three equities 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 company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $17.00.

Aris Mining Price Performance

ARIS stock opened at $20.89 on Monday. The firm has a market capitalization of $4.31 billion, a P/E ratio of 15.14 and a beta of -0.14. Aris Mining Co. has a 12 month low of $6.87 and a 12 month high of $23.29. The firm has a 50 day moving average of $15.78 and a 200-day moving average of $17.55. 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 issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.08. The company had revenue of $330.23 million for the quarter. Aris Mining had a return on equity of 22.82% and a net margin of 22.43%. As a group, sell-side 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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