TD Asset Management Inc Grows Stock Holdings in Aris Mining Co. $ARIS

TD Asset Management Inc grew its holdings in shares of Aris Mining Co. (NYSE:ARIS) by 14.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 644,526 shares of the company’s stock after purchasing an additional 82,163 shares during the period. TD Asset Management Inc’s holdings in Aris Mining were worth $10,467,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ARIS. MMCAP International Inc. SPC lifted its holdings in shares of Aris Mining by 45.1% during the third 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 during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Aris Mining by 152.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 4,207,221 shares of the company’s stock worth $41,228,000 after buying an additional 2,542,740 shares in the last quarter. Merewether Investment Management LP bought a new position in shares of Aris Mining in the third quarter worth approximately $18,748,000. Amundi lifted its stake in shares of Aris Mining by 3,670.1% in the second quarter. Amundi now owns 1,885,031 shares of the company’s stock worth $12,969,000 after buying an additional 1,835,031 shares in the last quarter. Finally, Woodline Partners LP bought a new position in shares of Aris Mining in the third quarter worth approximately $13,361,000. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

Aris Mining Stock Down 2.9%

ARIS opened at $15.06 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 1.78 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average price of $18.60 and a 200-day moving average price of $17.76. Aris Mining Co. has a twelve month low of $6.31 and a twelve month high of $23.29. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 17.92 and a beta of -0.39.

Aris Mining (NYSE:ARIS) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.57 earnings per share 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 company had revenue of $372.48 million for the quarter. Equities research analysts forecast that Aris Mining Co. will post 2.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ARIS. Weiss Ratings downgraded shares of Aris Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. Zacks Research cut Aris Mining from a “hold” rating to a “strong sell” rating in a research note on Monday, May 18th. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

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.