Man Group plc Makes New Investment in Aris Mining Co. $ARIS

Man Group plc acquired a new position in shares of Aris Mining Co. (NYSE:ARIS) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 102,443 shares of the company’s stock, valued at approximately $1,527,000.

Several other institutional investors have also recently made changes to their positions in the company. Kestra Advisory Services LLC acquired a new position in shares of Aris Mining in the 4th quarter valued at $27,000. RMG Wealth Management LLC purchased a new stake in Aris Mining during the first quarter worth $30,000. Global Retirement Partners LLC acquired a new stake in Aris Mining during the fourth quarter valued at $37,000. PNC Financial Services Group Inc. purchased a new position in Aris Mining in the first quarter valued at $45,000. Finally, Geneos Wealth Management Inc. purchased a new position in Aris Mining in the first quarter valued at $46,000. 39.71% of the stock is owned by hedge funds and other institutional investors.

Aris Mining Price Performance

Aris Mining stock opened at $19.67 on Thursday. The company’s fifty day moving average price is $16.39 and its 200 day moving average price is $17.62. Aris Mining Co. has a 1 year low of $8.75 and a 1 year high of $23.29. The stock has a market capitalization of $4.06 billion, a P/E ratio of 14.26 and a beta of -0.07. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.68 and a current ratio of 1.91.

Aris Mining (NYSE:ARIS) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.39 by $0.08. The company 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%. As a group, equities research analysts anticipate that Aris Mining Co. will post 2.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on ARIS shares. Weiss Ratings downgraded shares of Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, August 20th. Zacks Research lowered Aris Mining from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 5th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.