JPMorgan Chase & Co. Reduces Holdings in Aris Mining Co. $ARIS

JPMorgan Chase & Co. reduced its stake in shares of Aris Mining Co. (NYSE:ARIS) by 4.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,729,907 shares of the company’s stock after selling 86,091 shares during the period. JPMorgan Chase & Co.’s holdings in Aris Mining were worth $16,953,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Aris Mining by 96.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 521,597 shares of the company’s stock valued at $2,410,000 after buying an additional 256,022 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Aris Mining by 31.0% in the first quarter. Goldman Sachs Group Inc. now owns 706,876 shares of the company’s stock worth $3,280,000 after acquiring an additional 167,212 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Aris Mining by 3.0% in the second 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 during the last quarter. Cetera Investment Advisers lifted its position in shares of Aris Mining by 2.5% in the second quarter. Cetera Investment Advisers now owns 88,214 shares of the company’s stock valued at $593,000 after acquiring an additional 2,135 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Aris Mining by 3.2% in the second quarter. Legal & General Group Plc now owns 558,381 shares of the company’s stock valued at $3,752,000 after acquiring an additional 17,450 shares in the last quarter. Hedge funds and other institutional investors own 39.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on ARIS shares. BMO Capital Markets reiterated an “outperform” rating on shares of Aris Mining in a research report on Friday, January 23rd. Zacks Research upgraded shares of Aris Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Finally, Weiss Ratings started coverage on shares of Aris Mining in a research note on Wednesday, March 11th. They set a “hold (c+)” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Aris Mining currently has an average rating of “Buy” and a consensus target price of $17.00.

Aris Mining Price Performance

Shares of NYSE:ARIS opened at $17.46 on Thursday. The company has a market cap of $3.59 billion, a P/E ratio of 45.95 and a beta of -0.74. The business has a fifty day simple moving average of $18.91 and a 200-day simple moving average of $14.64. Aris Mining Co. has a 52 week low of $4.22 and a 52 week high of $23.29. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.32.

Aris Mining (NYSE:ARIS) last released its earnings results on Wednesday, March 11th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.17). Aris Mining had a return on equity of 15.59% and a net margin of 8.45%.The business had revenue of $308.57 million for the quarter. Equities research analysts forecast that Aris Mining Co. will post 0.36 EPS for the current year.

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.