1,024,262 Shares in Aris Mining Co. $ARIS Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL acquired a new stake in Aris Mining Co. (NYSE:ARIS) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 1,024,262 shares of the company’s stock, valued at approximately $10,038,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. MMCAP International Inc. SPC lifted its position in Aris Mining by 45.1% during the 3rd quarter. MMCAP International Inc. SPC now owns 16,436,882 shares of the company’s stock worth $161,109,000 after buying an additional 5,112,295 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Aris Mining by 152.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 4,207,221 shares of the company’s stock worth $41,228,000 after acquiring an additional 2,542,740 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Aris Mining by 18.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,951,691 shares of the company’s stock worth $38,722,000 after purchasing an additional 602,941 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Aris Mining by 75.4% during the third quarter. American Century Companies Inc. now owns 2,776,448 shares of the company’s stock worth $27,211,000 after purchasing an additional 1,193,444 shares in the last quarter. Finally, Apis Capital Advisors LLC grew its stake in shares of Aris Mining by 33.9% during the third quarter. Apis Capital Advisors LLC now owns 2,514,000 shares of the company’s stock valued at $24,642,000 after purchasing an additional 636,000 shares during the last quarter. Institutional investors and hedge funds own 39.71% of the company’s stock.

Wall Street Analysts Forecast Growth

ARIS has been the topic of several research reports. Zacks Research raised Aris Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Aris Mining in a research note on Friday, January 23rd. Finally, Weiss Ratings upgraded Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $17.00.

Aris Mining Stock Performance

ARIS stock opened at $19.30 on Monday. Aris Mining Co. has a twelve month low of $4.22 and a twelve month high of $23.29. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.32. The company has a market cap of $3.97 billion, a P/E ratio of 50.78 and a beta of -0.13. The business’s fifty day moving average is $18.80 and its 200-day moving average is $15.10.

Aris Mining (NYSE:ARIS) last released its quarterly earnings data on Wednesday, March 11th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.17). Aris Mining had a net margin of 8.45% and a return on equity of 15.59%. The company had revenue of $308.57 million during the quarter. Equities research analysts forecast that Aris Mining Co. will post 0.36 EPS for the current 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.