1,039,776 Shares in Aris Mining Co. $ARIS Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. purchased a new position in shares of Aris Mining Co. (NYSE:ARIS) during the first quarter, Holdings Channel reports. The firm purchased 1,039,776 shares of the company’s stock, valued at approximately $19,302,000.

Several other institutional investors also recently bought and sold shares of ARIS. Arrowstreet Capital Limited Partnership increased its position in shares of Aris Mining by 28.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,418,929 shares of the company’s stock valued at $87,907,000 after buying an additional 1,211,708 shares in the last quarter. FIL Ltd acquired a new stake in shares of Aris Mining in the fourth quarter valued at about $62,900,000. JPMorgan Chase & Co. increased its stake in shares of Aris Mining by 87.3% during the fourth quarter. JPMorgan Chase & Co. now owns 3,240,826 shares of the company’s stock worth $52,599,000 after purchasing an additional 1,510,919 shares in the last quarter. Bank of Montreal Can boosted its holdings in Aris Mining by 87.4% in the 4th quarter. Bank of Montreal Can now owns 2,273,031 shares of the company’s stock worth $36,865,000 after buying an additional 1,060,049 shares during the last quarter. Finally, Amundi boosted its holdings in Aris Mining by 15.5% in the 3rd quarter. Amundi now owns 2,176,647 shares of the company’s stock worth $22,659,000 after buying an additional 291,616 shares during the last quarter. 39.71% of the stock is owned by institutional investors and hedge funds.

Aris Mining Stock Down 2.7%

Shares of ARIS opened at $14.17 on Tuesday. Aris Mining Co. has a 52-week low of $6.65 and a 52-week high of $23.29. The company has a market capitalization of $2.92 billion, a PE ratio of 16.86 and a beta of -0.22. The stock has a fifty day simple moving average of $16.69 and a two-hundred day simple moving average of $17.94. The company has a quick ratio of 1.62, a current ratio of 1.78 and a debt-to-equity ratio of 0.30.

Aris Mining (NYSE:ARIS) last posted its quarterly earnings results 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 firm had revenue of $372.48 million during the quarter. Aris Mining had a net margin of 15.19% and a return on equity of 20.97%. As a group, equities analysts forecast that Aris Mining Co. will post 2.5 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ARIS. Zacks Research upgraded Aris Mining from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Weiss Ratings upgraded shares of Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 8th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

About Aris Mining

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.