Sigma Planning Corp Takes $940,000 Position in Aris Mining Co. $ARIS

Sigma Planning Corp acquired a new position in shares of Aris Mining Co. (NYSE:ARIS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 50,618 shares of the company’s stock, valued at approximately $940,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ARIS. FIL Ltd bought a new stake in Aris Mining during the fourth quarter valued at approximately $62,900,000. Arrowstreet Capital Limited Partnership grew its stake in Aris Mining by 152.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,207,221 shares of the company’s stock worth $41,228,000 after buying an additional 2,542,740 shares in the last quarter. Merewether Investment Management LP bought a new position in shares of Aris Mining in the 3rd quarter worth $18,748,000. Amundi raised its position in shares of Aris Mining by 3,670.1% during the 2nd quarter. Amundi now owns 1,885,031 shares of the company’s stock valued at $12,969,000 after buying an additional 1,835,031 shares in the last quarter. Finally, Mubadala Investment Co PJSC purchased a new stake in shares of Aris Mining during the 4th quarter valued at $28,226,000. 39.71% of the stock is owned by hedge funds and other institutional investors.

Aris Mining Stock Up 2.3%

Shares of NYSE ARIS opened at $13.92 on Friday. Aris Mining Co. has a one year low of $6.65 and a one year high of $23.29. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.78 and a quick ratio of 1.62. The firm’s 50 day simple moving average is $16.32 and its two-hundred day simple moving average is $17.87. The stock has a market capitalization of $2.87 billion, a P/E ratio of 16.57 and a beta of -0.22.

Aris Mining (NYSE:ARIS) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.05). The business had revenue of $372.48 million for the quarter. Aris Mining had a return on equity of 20.97% and a net margin of 15.19%. As a group, analysts expect that Aris Mining Co. will post 2.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Zacks Research raised shares of Aris Mining from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Weiss Ratings raised Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 8th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $17.00.

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.