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

William Blair Investment Management LLC purchased a new position in Aris Mining Co. (NYSE:ARIS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 716,467 shares of the company’s stock, valued at approximately $11,628,000. William Blair Investment Management LLC owned approximately 0.35% of Aris Mining at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ARIS. Global Retirement Partners LLC bought a new stake in Aris Mining during the 4th quarter valued at approximately $37,000. PNC Financial Services Group Inc. purchased a new position in shares of Aris Mining in the 4th quarter valued at approximately $45,000. Banque Cantonale Vaudoise bought a new stake in shares of Aris Mining during the third quarter valued at approximately $93,000. Insigneo Advisory Services LLC bought a new stake in shares of Aris Mining during the third quarter valued at approximately $98,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake in Aris Mining by 51.3% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 11,800 shares of the company’s stock worth $116,000 after purchasing an additional 4,000 shares during the period. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ARIS has been the subject of a number of research reports. Zacks Research downgraded Aris Mining from a “hold” rating to a “strong sell” rating in a report on Monday, May 18th. Weiss Ratings raised shares of Aris Mining from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 8th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Aris Mining presently has a consensus rating of “Moderate Buy” and an average price target of $17.00.

Aris Mining Stock Performance

Aris Mining stock opened at $17.24 on Tuesday. Aris Mining Co. has a twelve month low of $6.22 and a twelve month high of $23.29. 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 company has a market capitalization of $3.56 billion, a P/E ratio of 20.53 and a beta of -0.35. The stock’s 50 day moving average is $18.73 and its 200 day moving average is $17.31.

Aris Mining (NYSE:ARIS) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. On average, equities research analysts predict that Aris Mining Co. will post 2.62 earnings per share 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.