Cumberland Partners Ltd Takes Position in Aris Mining Co. $ARIS

Cumberland Partners Ltd bought a new stake in shares of Aris Mining Co. (NYSE:ARIS) during the 1st quarter, HoldingsChannel.com reports. The fund bought 54,600 shares of the company’s stock, valued at approximately $1,011,000.

Other institutional investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Aris Mining by 96.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 521,597 shares of the company’s stock valued at $2,410,000 after buying an additional 256,022 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Aris Mining by 31.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 706,876 shares of the company’s stock worth $3,280,000 after acquiring an additional 167,212 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Aris Mining by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 89,102 shares of the company’s stock worth $599,000 after acquiring an additional 2,617 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Aris Mining by 2.5% in the 2nd quarter. Cetera Investment Advisers now owns 88,214 shares of the company’s stock worth $593,000 after acquiring an additional 2,135 shares in the last quarter. Finally, Walleye Capital LLC purchased a new stake in shares of Aris Mining in the second quarter valued at about $548,000. Institutional investors own 39.71% of the company’s stock.

Aris Mining Stock Performance

Shares of ARIS opened at $14.66 on Friday. The stock has a 50 day moving average of $15.81 and a 200 day moving average of $17.81. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 17.46 and a beta of -0.22. Aris Mining Co. has a 12 month low of $6.65 and a 12 month high of $23.29. The company has a current ratio of 1.78, a quick ratio of 1.62 and a debt-to-equity ratio of 0.30.

Aris Mining (NYSE:ARIS) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.05). The business had revenue of $372.48 million during the quarter. Aris Mining had a return on equity of 20.97% and a net margin of 15.19%. As a group, sell-side analysts forecast that Aris Mining Co. will post 2.41 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ARIS shares. Zacks Research raised shares of Aris Mining from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Weiss Ratings downgraded shares of Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $17.00.

Aris Mining Company 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.