UBS Group AG Boosts Stake in Aris Mining Co. $ARIS

UBS Group AG grew its stake in Aris Mining Co. (NYSE:ARIS) by 53.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 625,385 shares of the company’s stock after buying an additional 217,878 shares during the period. UBS Group AG’s holdings in Aris Mining were worth $10,150,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. MMCAP International Inc. SPC raised its holdings in shares of Aris Mining by 45.1% in the third quarter. MMCAP International Inc. SPC now owns 16,436,882 shares of the company’s stock worth $161,109,000 after buying an additional 5,112,295 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Aris Mining by 152.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 4,207,221 shares of the company’s stock worth $41,228,000 after buying an additional 2,542,740 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Aris Mining by 18.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,951,691 shares of the company’s stock worth $38,722,000 after buying an additional 602,941 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Aris Mining by 75.4% in the third quarter. American Century Companies Inc. now owns 2,776,448 shares of the company’s stock worth $27,211,000 after buying an additional 1,193,444 shares during the last quarter. Finally, Apis Capital Advisors LLC raised its holdings in shares of Aris Mining by 33.9% in the third quarter. Apis Capital Advisors LLC now owns 2,514,000 shares of the company’s stock worth $24,642,000 after buying an additional 636,000 shares during the last quarter. Hedge funds and other institutional investors own 39.71% of the company’s stock.

Aris Mining Stock Down 7.8%

ARIS stock opened at $18.18 on Friday. The firm’s fifty day simple moving average is $18.95 and its 200-day simple moving average is $16.93. The company has a market capitalization of $3.75 billion, a P/E ratio of 21.64 and a beta of -0.35. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.78 and a quick ratio of 1.62. Aris Mining Co. has a 12 month low of $5.53 and a 12 month high of $23.29.

Aris Mining (NYSE:ARIS) last posted its 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). Aris Mining had a net margin of 15.19% and a return on equity of 20.97%. The firm had revenue of $372.48 million during the quarter. As a group, equities research analysts forecast that Aris Mining Co. will post 2.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ARIS. BMO Capital Markets reaffirmed an “outperform” rating on shares of Aris Mining in a report on Friday, January 23rd. Zacks Research raised shares of Aris Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Finally, Weiss Ratings raised shares of Aris Mining from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $17.00.

Aris Mining Company 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.