Sheets Smith Wealth Management Makes New $1.07 Million Investment in Aris Mining Co. $ARIS

Sheets Smith Wealth Management purchased a new stake in shares of Aris Mining Co. (NYSE:ARIS) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 57,698 shares of the company’s stock, valued at approximately $1,070,000.

A number of other hedge funds have also modified their holdings of ARIS. Public Employees Retirement System of Ohio raised its position in shares of Aris Mining by 2.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 55,647 shares of the company’s stock valued at $546,000 after purchasing an additional 1,441 shares during the period. Kestra Advisory Services LLC bought a new position in Aris Mining in the 4th quarter worth $27,000. Cetera Investment Advisers boosted its holdings in Aris Mining by 2.5% in the 2nd quarter. Cetera Investment Advisers now owns 88,214 shares of the company’s stock worth $593,000 after buying an additional 2,135 shares during the period. Global Retirement Partners LLC bought a new position in Aris Mining in the 4th quarter worth $37,000. Finally, Geode Capital Management LLC increased its stake in Aris Mining by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 89,102 shares of the company’s stock worth $599,000 after buying an additional 2,617 shares in the last quarter. 39.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on ARIS. Zacks Research cut Aris Mining from a “hold” rating to a “strong sell” rating in a report on Monday, May 18th. Weiss Ratings lowered Aris Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. 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 Trading Down 0.4%

Shares of ARIS opened at $16.55 on Friday. The firm has a market cap of $3.42 billion, a P/E ratio of 19.70 and a beta of -0.39. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.78 and a quick ratio of 1.62. Aris Mining Co. has a 1 year low of $6.31 and a 1 year high of $23.29. The company has a 50 day simple moving average of $18.12 and a two-hundred day simple moving average of $17.91.

Aris Mining (NYSE:ARIS) last released its 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 during the quarter. On average, equities analysts expect that Aris Mining Co. will post 2.62 earnings per share for the current fiscal year.

About Aris Mining

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.