Principal Financial Group Inc. Purchases New Shares in Aris Mining Co. $ARIS

Principal Financial Group Inc. purchased a new stake in Aris Mining Co. (NYSE:ARIS) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,503,900 shares of the company’s stock, valued at approximately $27,835,000.

Other hedge funds have also bought and sold shares of the company. LGT Fund Management Co Ltd. bought a new stake in Aris Mining in the 1st quarter valued at about $743,000. U S Global Investors Inc. bought a new position in shares of Aris Mining during the first quarter worth approximately $6,319,000. Pictet Asset Management Holding SA bought a new position in shares of Aris Mining during the first quarter worth approximately $1,167,000. Cardinal Point Capital Management ULC acquired a new stake in shares of Aris Mining in the first quarter valued at approximately $616,000. Finally, PKO Investment Management Joint Stock Co acquired a new stake in shares of Aris Mining in the first quarter valued at approximately $1,742,000. 39.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

ARIS has been the subject of several recent research reports. Zacks Research upgraded Aris Mining from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Weiss Ratings upgraded Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 8th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Aris Mining presently has an average rating of “Moderate Buy” and a consensus price target of $17.00.

Aris Mining Trading Down 0.2%

Shares of ARIS opened at $13.92 on Monday. Aris Mining Co. has a 52-week low of $6.65 and a 52-week high of $23.29. The business’s fifty day moving average is $16.32 and its 200-day moving average is $17.88. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.62 and a current ratio of 1.78. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 16.57 and a beta of -0.22.

Aris Mining (NYSE:ARIS) last posted 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). Aris Mining had a return on equity of 20.97% and a net margin of 15.19%.The business had revenue of $372.48 million for the quarter. Equities analysts anticipate that Aris Mining Co. will post 2.5 EPS for the current fiscal 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.