Pictet Asset Management Holding SA Invests $1.17 Million in Aris Mining Co. $ARIS

Pictet Asset Management Holding SA acquired a new stake in shares of Aris Mining Co. (NYSE:ARIS) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 63,031 shares of the company’s stock, valued at approximately $1,167,000.

Other large investors have also recently bought and sold shares of the company. Cardinal Point Capital Management ULC acquired a new stake in shares of Aris Mining during the first quarter valued at about $616,000. PKO Investment Management Joint Stock Co bought a new position in Aris Mining in the 1st quarter valued at approximately $1,742,000. Sheets Smith Wealth Management acquired a new stake in Aris Mining during the 1st quarter worth approximately $1,070,000. Rockefeller Capital Management L.P. boosted its position in Aris Mining by 190,092.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 218,721 shares of the company’s stock worth $3,550,000 after buying an additional 218,606 shares during the period. Finally, State of Tennessee Department of Treasury bought a new stake in Aris Mining during the 4th quarter worth approximately $292,000. 39.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ARIS has been the subject of several analyst reports. Weiss Ratings downgraded shares of Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 23rd. Zacks Research downgraded Aris Mining from a “hold” rating to a “strong sell” rating in a report on Monday, May 18th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Aris Mining currently has an average rating of “Hold” and an average target price of $17.00.

Aris Mining Trading Down 1.6%

ARIS stock traded down $0.25 during trading on Tuesday, hitting $15.73. The company had a trading volume of 162,144 shares, compared to its average volume of 1,695,977. The stock has a market cap of $3.25 billion, a PE ratio of 18.80 and a beta of -0.22. The business has a 50-day moving average of $17.11 and a 200-day moving average of $17.99. 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 Co. has a one year low of $6.65 and a one year high of $23.29.

Aris Mining (NYSE:ARIS) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.05). The firm 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%. 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.