Sheets Smith Wealth Management Takes Position in Aris Mining Co. $ARIS

Sheets Smith Wealth Management bought a new position in Aris Mining Co. (NYSE:ARIS) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 57,698 shares of the company’s stock, valued at approximately $1,070,000.

Other hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its stake in Aris Mining by 2.7% during the third 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 last quarter. Kestra Advisory Services LLC purchased a new position in Aris Mining during the 4th quarter valued at approximately $27,000. 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 worth $593,000 after acquiring an additional 2,135 shares during the last quarter. Global Retirement Partners LLC bought a new stake in Aris Mining in the 4th quarter worth approximately $37,000. Finally, Geode Capital Management LLC raised its holdings in shares of Aris Mining by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 89,102 shares of the company’s stock worth $599,000 after acquiring an additional 2,617 shares in the last quarter. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on ARIS. Weiss Ratings downgraded Aris Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Zacks Research cut shares of Aris Mining from a “hold” rating to a “strong sell” rating in a research report on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Aris Mining currently has an average rating of “Moderate Buy” and an average price target of $17.00.

Aris Mining Stock Down 0.4%

Shares of NYSE ARIS opened at $16.55 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.62 and a debt-to-equity ratio of 0.30. Aris Mining Co. has a 12-month low of $6.31 and a 12-month high of $23.29. The firm’s 50-day moving average price is $18.12 and its 200-day moving average price is $17.91. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 19.70 and a beta of -0.39.

Aris Mining (NYSE:ARIS) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.05). The company had revenue of $372.48 million during the quarter. Aris Mining had a return on equity of 20.97% and a net margin of 15.19%. On average, equities research analysts anticipate that Aris Mining Co. will post 2.62 EPS for the current fiscal year.

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.