UBS Group AG Grows Stock Holdings in Aris Mining Co. $ARIS

UBS Group AG boosted its position in shares of Aris Mining Co. (NYSE:ARIS) by 53.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 625,385 shares of the company’s stock after purchasing an additional 217,878 shares during the period. UBS Group AG owned about 0.30% of Aris Mining worth $10,150,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new position in Aris Mining during the 3rd quarter valued at about $93,000. Insigneo Advisory Services LLC bought a new position in Aris Mining during the 3rd quarter valued at about $98,000. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its holdings in Aris Mining by 51.3% during the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 11,800 shares of the company’s stock valued at $116,000 after purchasing an additional 4,000 shares during the last quarter. Voleon Capital Management LP bought a new position in Aris Mining during the 3rd quarter valued at about $126,000. Finally, Public Sector Pension Investment Board bought a new position in Aris Mining during the 3rd quarter valued at about $148,000. 39.71% of the stock is currently owned by institutional investors.

Aris Mining Price Performance

Shares of ARIS opened at $18.18 on Friday. The company has a 50 day moving average price of $18.95 and a 200-day moving average price of $16.93. Aris Mining Co. has a fifty-two week low of $5.53 and a fifty-two week high of $23.29. The stock has a market capitalization of $3.75 billion, a PE ratio of 21.64 and a beta of -0.35. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.62 and a current ratio of 1.78.

Aris Mining (NYSE:ARIS) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.57 earnings per share (EPS) 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 during the quarter. Equities analysts predict that Aris Mining Co. will post 2.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Zacks Research upgraded shares of Aris Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. BMO Capital Markets reiterated an “outperform” rating on shares of Aris Mining in a report on Friday, January 23rd. Finally, Weiss Ratings upgraded shares of Aris Mining from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat, Aris Mining presently has a consensus rating of “Buy” and a consensus 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.