61,631 Shares in Aris Mining Co. $ARIS Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in Aris Mining Co. (NYSE:ARIS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 61,631 shares of the company’s stock, valued at approximately $919,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC grew its holdings in Aris Mining by 15.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 11,500 shares of the company’s stock worth $171,000 after acquiring an additional 1,500 shares in the last quarter. RMG Wealth Management LLC acquired a new stake in shares of Aris Mining in the 1st quarter valued at about $30,000. Kestra Advisory Services LLC bought a new position in shares of Aris Mining during the fourth quarter worth about $27,000. Cetera Investment Advisers lifted its position in shares of Aris Mining by 2.5% during the second 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 last quarter. Finally, Global Retirement Partners LLC acquired a new position in Aris Mining in the fourth quarter worth about $37,000. 39.71% of the stock is currently owned by institutional investors.

Aris Mining Trading Up 0.6%

NYSE ARIS opened at $20.11 on Thursday. Aris Mining Co. has a one year low of $8.75 and a one year high of $23.29. The company has a 50-day simple moving average of $16.92 and a 200-day simple moving average of $17.66. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.68 and a current ratio of 1.91. The firm has a market capitalization of $4.15 billion, a PE ratio of 14.57 and a beta of -0.06.

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 analysts’ consensus estimates of $0.39 by $0.08. The business had revenue of $330.23 million during the quarter. Aris Mining had a net margin of 22.43% and a return on equity of 22.82%. On average, equities analysts forecast that Aris Mining Co. will post 2.28 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Zacks Research lowered Aris Mining from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 5th. Weiss Ratings lowered Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, August 20th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

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.