PKO Investment Management Joint Stock Co Makes New Investment in Aris Mining Co. $ARIS

PKO Investment Management Joint Stock Co purchased a new position in Aris Mining Co. (NYSE:ARIS) during the first quarter, HoldingsChannel.com reports. The fund purchased 94,000 shares of the company’s stock, valued at approximately $1,742,000.

Several other hedge funds and other institutional investors have also modified their holdings of ARIS. Public Employees Retirement System of Ohio boosted its holdings in shares of Aris Mining by 2.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 55,647 shares of the company’s stock valued at $546,000 after buying an additional 1,441 shares during the period. Kestra Advisory Services LLC acquired a new stake in Aris Mining during the fourth quarter worth about $27,000. Cetera Investment Advisers lifted its holdings in Aris Mining by 2.5% in the second quarter. Cetera Investment Advisers now owns 88,214 shares of the company’s stock worth $593,000 after acquiring an additional 2,135 shares during the last quarter. Global Retirement Partners LLC bought a new position in Aris Mining in the fourth quarter worth about $37,000. Finally, Geode Capital Management LLC boosted its stake in Aris Mining by 3.0% in the second quarter. Geode Capital Management LLC now owns 89,102 shares of the company’s stock valued at $599,000 after acquiring an additional 2,617 shares during the period. 39.71% of the stock is owned by institutional investors and hedge funds.

Aris Mining Stock Down 0.9%

Aris Mining stock opened at $16.47 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.62 and a current ratio of 1.78. Aris Mining Co. has a one year low of $6.31 and a one year high of $23.29. The company has a 50-day simple moving average of $18.04 and a 200-day simple moving average of $17.96. The firm has a market capitalization of $3.40 billion, a P/E ratio of 19.60 and a beta of -0.39.

Aris Mining (NYSE:ARIS) last issued 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 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 expect that Aris Mining Co. will post 2.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ARIS has been the subject of several recent research reports. Weiss Ratings lowered Aris Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. Zacks Research downgraded Aris Mining from a “hold” rating to a “strong sell” rating in a report on Monday, May 18th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.