Legal & General Group Plc Sells 71,731 Shares of Aris Mining Co. $ARIS

Legal & General Group Plc trimmed its holdings in shares of Aris Mining Co. (NYSE:ARIS) by 9.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 662,542 shares of the company’s stock after selling 71,731 shares during the quarter. Legal & General Group Plc’s holdings in Aris Mining were worth $10,754,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of ARIS. William Blair Investment Management LLC acquired a new position in Aris Mining during the 4th quarter worth approximately $11,628,000. Global Retirement Partners LLC acquired a new stake in shares of Aris Mining in the 4th quarter valued at approximately $37,000. PNC Financial Services Group Inc. acquired a new stake in shares of Aris Mining in the 4th quarter valued at approximately $45,000. Gamco Investors INC. ET AL lifted its holdings in Aris Mining by 14.6% during the 4th quarter. Gamco Investors INC. ET AL now owns 25,745 shares of the company’s stock valued at $418,000 after purchasing an additional 3,275 shares during the last quarter. Finally, Swiss Life Asset Management Ltd acquired a new stake in Aris Mining during the 4th quarter valued at $338,000. 39.71% of the stock is owned by institutional investors.

Aris Mining Stock Down 4.3%

ARIS opened at $16.85 on Thursday. Aris Mining Co. has a fifty-two week low of $6.24 and a fifty-two week high of $23.29. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.62 and a current ratio of 1.78. The company has a market capitalization of $3.48 billion, a P/E ratio of 20.05 and a beta of -0.39. The stock has a fifty day moving average of $18.70 and a 200-day moving average of $17.65.

Aris Mining (NYSE:ARIS) last posted its earnings results on Wednesday, May 6th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.05). Aris Mining had a return on equity of 20.97% and a net margin of 15.19%.The firm had revenue of $372.48 million for the quarter. On average, equities analysts expect that Aris Mining Co. will post 2.62 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Zacks Research downgraded Aris Mining from a “hold” rating to a “strong sell” rating in a report on Monday, May 18th. Weiss Ratings raised Aris Mining from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Aris Mining currently has a consensus rating of “Moderate Buy” and an average target price of $17.00.

Aris Mining Company 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.