Hillsdale Investment Management Inc. Trims Stock Holdings in Aris Mining Co. $ARIS

Hillsdale Investment Management Inc. lowered its position in Aris Mining Co. (NYSE:ARIS) by 50.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,015,741 shares of the company’s stock after selling 2,047,837 shares during the period. Aris Mining comprises approximately 0.9% of Hillsdale Investment Management Inc.’s holdings, making the stock its 26th largest position. Hillsdale Investment Management Inc.’s holdings in Aris Mining were worth $32,750,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

ARIS has been the subject of a number of research reports. Zacks Research cut Aris Mining from a “hold” rating to a “strong sell” rating in a research note on Monday, May 18th. Weiss Ratings upgraded Aris Mining from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Aris Mining presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

Aris Mining Price Performance

Aris Mining stock opened at $18.10 on Friday. Aris Mining Co. has a 12 month low of $6.24 and a 12 month high of $23.29. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.78 and a quick ratio of 1.62. The business has a 50 day simple moving average of $18.65 and a 200-day simple moving average of $17.47. The stock has a market capitalization of $3.74 billion, a PE ratio of 21.55 and a beta of -0.35.

Aris Mining (NYSE:ARIS) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.05). Aris Mining had a return on equity of 20.97% and a net margin of 15.19%.The company had revenue of $372.48 million for the quarter. Equities analysts predict that Aris Mining Co. will post 2.62 earnings per share 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.