40,000 Shares in Aris Mining Co. $ARIS Purchased by LGT Fund Management Co Ltd.

LGT Fund Management Co Ltd. bought a new position in Aris Mining Co. (NYSE:ARIS) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 40,000 shares of the company’s stock, valued at approximately $743,000.

Other large investors have also recently bought and sold shares of the company. U S Global Investors Inc. acquired a new stake in shares of Aris Mining during the 1st quarter worth approximately $6,319,000. Pictet Asset Management Holding SA bought a new stake in shares of Aris Mining in the 1st quarter worth approximately $1,167,000. Cardinal Point Capital Management ULC acquired a new position in Aris Mining during the 1st quarter valued at approximately $616,000. PKO Investment Management Joint Stock Co acquired a new position in Aris Mining during the 1st quarter valued at approximately $1,742,000. Finally, Sheets Smith Wealth Management bought a new position in Aris Mining during the 1st quarter worth $1,070,000. Institutional investors own 39.71% of the company’s stock.

Aris Mining Price Performance

Shares of NYSE ARIS opened at $14.55 on Monday. The stock has a market cap of $3.00 billion, a P/E ratio of 17.32 and a beta of -0.22. The firm’s 50-day simple moving average is $16.76 and its 200 day simple moving average is $17.96. Aris Mining Co. has a fifty-two week low of $6.65 and a fifty-two week high of $23.29. 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 released its quarterly earnings results on Wednesday, May 6th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.05). The company 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%. Equities analysts expect that Aris Mining Co. will post 2.5 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Weiss Ratings raised Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Zacks Research raised shares of Aris Mining from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.