Sigma Planning Corp Invests $754,000 in Aris Mining Co. $ARIS

Sigma Planning Corp bought a new position in shares of Aris Mining Co. (NYSE:ARIS) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 50,563 shares of the company’s stock, valued at approximately $754,000.

Several other institutional investors also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Aris Mining by 96.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 521,597 shares of the company’s stock valued at $2,410,000 after acquiring an additional 256,022 shares during the period. Goldman Sachs Group Inc. boosted its position in Aris Mining by 31.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 706,876 shares of the company’s stock worth $3,280,000 after purchasing an additional 167,212 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Aris Mining by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 89,102 shares of the company’s stock worth $599,000 after purchasing an additional 2,617 shares during the period. Cetera Investment Advisers grew its stake in shares of Aris Mining by 2.5% during the 2nd quarter. Cetera Investment Advisers now owns 88,214 shares of the company’s stock worth $593,000 after purchasing an additional 2,135 shares during the period. Finally, Walleye Capital LLC acquired a new stake in shares of Aris Mining during the 2nd quarter worth approximately $548,000. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ARIS has been the subject of several analyst reports. Zacks Research cut shares of Aris Mining from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 5th. Weiss Ratings lowered shares of Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, August 20th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Aris Mining currently has an average rating of “Hold” and an average target price of $17.00.

Aris Mining Stock Performance

NYSE ARIS opened at $18.83 on Wednesday. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 13.65 and a beta of -0.07. Aris Mining Co. has a twelve month low of $8.59 and a twelve month high of $23.29. The company has a current ratio of 1.91, a quick ratio of 1.68 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average of $16.29 and a 200 day moving average of $17.62.

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