PKO Investment Management Joint Stock Co Takes $1.74 Million Position in Aris Mining Co. $ARIS

PKO Investment Management Joint Stock Co acquired a new position in Aris Mining Co. (NYSE:ARIS) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 94,000 shares of the company’s stock, valued at approximately $1,742,000.

Other large investors also recently modified their holdings of the company. TT International Asset Management LTD purchased a new position in Aris Mining in the fourth quarter valued at about $12,864,000. Tudor Investment Corp ET AL purchased a new stake in Aris Mining during the 3rd quarter worth approximately $10,038,000. Apis Capital Advisors LLC increased its holdings in Aris Mining by 33.9% during the 3rd quarter. Apis Capital Advisors LLC now owns 2,514,000 shares of the company’s stock worth $24,642,000 after purchasing an additional 636,000 shares during the last quarter. TD Asset Management Inc raised its position in shares of Aris Mining by 200.0% in the 3rd quarter. TD Asset Management Inc now owns 562,363 shares of the company’s stock valued at $5,513,000 after purchasing an additional 374,906 shares in the last quarter. Finally, MMCAP International Inc. SPC raised its position in shares of Aris Mining by 45.1% in the 3rd quarter. MMCAP International Inc. SPC now owns 16,436,882 shares of the company’s stock valued at $161,109,000 after purchasing an additional 5,112,295 shares in the last quarter. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ARIS has been the subject of a number of recent analyst reports. Zacks Research downgraded shares of Aris Mining from a “hold” rating to a “strong sell” rating in a research report on Monday, May 18th. Weiss Ratings cut shares of Aris Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Aris Mining presently has an average rating of “Moderate Buy” and a consensus price target of $17.00.

Aris Mining Stock Down 0.9%

NYSE:ARIS opened at $16.47 on Tuesday. 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 $3.40 billion, a price-to-earnings ratio of 19.60 and a beta of -0.39. Aris Mining Co. has a one year low of $6.31 and a one year high of $23.29. The stock has a 50-day simple moving average of $18.04 and a 200 day simple moving average of $17.96.

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

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.