Aris Mining Co. $ARIS Shares Newly Purchased by Global Strategic Management Inc.

Global Strategic Management Inc. purchased a new position in shares of Aris Mining Co. (NYSE:ARIS) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 56,600 shares of the company’s stock, valued at approximately $987,000. Aris Mining makes up approximately 0.7% of Global Strategic Management Inc.’s holdings, making the stock its 21st largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp acquired a new stake in Aris Mining in the 2nd quarter valued at about $225,425,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Aris Mining in the second quarter worth about $89,137,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Aris Mining in the first quarter worth about $97,429,000. Bank of America Corp DE acquired a new position in shares of Aris Mining during the first quarter worth approximately $33,528,000. Finally, Amundi acquired a new position in shares of Aris Mining during the first quarter worth approximately $32,743,000. Institutional investors own 39.71% of the company’s stock.

Aris Mining Trading Up 6.9%

Shares of NYSE ARIS opened at $17.36 on Friday. The company’s 50 day simple moving average is $18.68 and its 200 day simple moving average is $17.58. 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 fifty-two week low of $8.75 and a fifty-two week high of $23.29. The firm has a market capitalization of $3.58 billion, a P/E ratio of 12.58 and a beta of 0.04.

Aris Mining (NYSE:ARIS) last posted its quarterly earnings results 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. Aris Mining had a return on equity of 22.82% and a net margin of 22.43%. The company had revenue of $330.23 million for the quarter. On average, analysts predict that Aris Mining Co. will post 2.14 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on ARIS shares. Zacks Research raised shares of Aris Mining from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 29th. Wall Street Zen cut shares of Aris Mining from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. Finally, Weiss Ratings raised Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, September 18th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Aris Mining Company Profile

Aris Mining Corporation is a Canadian gold mining company focused on the exploration, development, and operation of gold properties in the Americas. The company’s activities include underground and open-pit mining, mineral processing, exploration, project development, and related infrastructure and operational services.

Aris Mining’s principal assets are in Colombia, including the Segovia Operations in Antioquia, a high-grade underground mining and processing complex, and the Marmato Operations in Caldas.