William Blair Investment Management LLC Takes Position in Aris Mining Co. $ARIS

William Blair Investment Management LLC acquired a new position in shares of Aris Mining Co. (NYSE:ARIS) in the second quarter, Holdings Channel.com reports. The fund acquired 381,262 shares of the company’s stock, valued at approximately $5,680,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC purchased a new stake in Aris Mining during the fourth quarter valued at about $27,000. RMG Wealth Management LLC purchased a new position in shares of Aris Mining in the 1st quarter worth about $30,000. Global Retirement Partners LLC bought a new position in shares of Aris Mining during the 4th quarter valued at about $37,000. PNC Financial Services Group Inc. bought a new position in shares of Aris Mining during the 1st quarter valued at about $45,000. Finally, Geneos Wealth Management Inc. purchased a new position in shares of Aris Mining during the 1st quarter valued at about $46,000. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ARIS shares. Weiss Ratings downgraded Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Zacks Research cut shares of Aris Mining from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Aris Mining currently has a consensus rating of “Hold” and a consensus target price of $17.00.

Aris Mining Trading Up 0.1%

Shares of ARIS stock opened at $20.89 on Monday. The business has a 50-day moving average of $15.78 and a 200 day moving average of $17.55. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.91 and a quick ratio of 1.68. Aris Mining Co. has a 1-year low of $6.87 and a 1-year high of $23.29. The stock has a market capitalization of $4.31 billion, a PE ratio of 15.14 and a beta of -0.14.

Aris Mining (NYSE:ARIS) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.08. The firm had revenue of $330.23 million during the quarter. Aris Mining had a return on equity of 22.82% and a net margin of 22.43%. As a group, sell-side analysts anticipate that Aris Mining Co. will post 2.28 earnings per share for the current year.

Aris Mining 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.