Zweig DiMenna Associates LLC Invests $4.89 Million in Aris Mining Co. $ARIS

Zweig DiMenna Associates LLC acquired a new position in shares of Aris Mining Co. (NYSE:ARIS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 301,000 shares of the company’s stock, valued at approximately $4,885,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Geode Capital Management LLC boosted its position in shares of Aris Mining by 30.9% during the fourth quarter. Geode Capital Management LLC now owns 126,435 shares of the company’s stock worth $2,099,000 after buying an additional 29,833 shares during the period. William Blair Investment Management LLC acquired a new position in shares of Aris Mining during the fourth quarter worth approximately $11,628,000. Global Retirement Partners LLC bought a new stake in Aris Mining during the fourth quarter worth approximately $37,000. PNC Financial Services Group Inc. bought a new stake in Aris Mining during the fourth quarter worth approximately $45,000. Finally, Gamco Investors INC. ET AL raised its holdings in Aris Mining by 14.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 25,745 shares of the company’s stock worth $418,000 after purchasing an additional 3,275 shares in the last quarter. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ARIS. Zacks Research cut Aris Mining from a “hold” rating to a “strong sell” rating in a report on Monday, May 18th. Weiss Ratings raised Aris Mining from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

Aris Mining Price Performance

Shares of NYSE:ARIS opened at $18.10 on Friday. Aris Mining Co. has a 12 month low of $6.24 and a 12 month high of $23.29. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 21.55 and a beta of -0.35. The stock’s 50 day moving average price is $18.65 and its 200 day moving average price is $17.47. 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 (NYSE:ARIS) last announced its 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). Aris Mining had a return on equity of 20.97% and a net margin of 15.19%.The firm had revenue of $372.48 million for the quarter. Equities research analysts anticipate that Aris Mining Co. will post 2.62 earnings per share for the current fiscal year.

About Aris Mining

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.