U S Global Investors Inc. Invests $6.32 Million in Aris Mining Co. $ARIS

U S Global Investors Inc. bought a new stake in Aris Mining Co. (NYSE:ARIS) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 340,000 shares of the company’s stock, valued at approximately $6,319,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Aris Mining by 96.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 521,597 shares of the company’s stock worth $2,410,000 after purchasing an additional 256,022 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Aris Mining by 31.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 706,876 shares of the company’s stock worth $3,280,000 after purchasing an additional 167,212 shares in the last quarter. Geode Capital Management LLC grew its position in 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 purchasing an additional 2,617 shares in the last quarter. Cetera Investment Advisers increased its stake in Aris Mining by 2.5% in the 2nd quarter. Cetera Investment Advisers now owns 88,214 shares of the company’s stock valued at $593,000 after buying an additional 2,135 shares during the last quarter. Finally, Walleye Capital LLC purchased a new stake in Aris Mining in the 2nd quarter valued at about $548,000. Hedge funds and other institutional investors own 39.71% of the company’s stock.

Aris Mining Stock Performance

Shares of NYSE ARIS traded down $0.20 during mid-day trading on Friday, reaching $14.55. 1,634,223 shares of the company’s stock were exchanged, compared to its average volume of 1,468,804. The firm has a 50-day moving average price of $16.76 and a two-hundred day moving average price of $17.95. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.78 and a quick ratio of 1.62. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 17.32 and a beta of -0.22. Aris Mining Co. has a 52 week low of $6.65 and a 52 week high of $23.29.

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). Aris Mining had a net margin of 15.19% and a return on equity of 20.97%. The company had revenue of $372.48 million for the quarter. Analysts predict that Aris Mining Co. will post 2.5 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Zacks Research upgraded Aris Mining from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Weiss Ratings raised Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.