Themes Management Co LLC Takes $674,000 Position in Aris Mining Co. $ARIS

Themes Management Co LLC acquired a new position in Aris Mining Co. (NYSE:ARIS) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 36,323 shares of the company’s stock, valued at approximately $674,000.

Other large investors have also recently modified their holdings of the company. Kestra Advisory Services LLC acquired a new stake in Aris Mining in the fourth quarter valued at approximately $27,000. RMG Wealth Management LLC purchased a new position in Aris Mining in the first quarter worth $30,000. Global Retirement Partners LLC acquired a new position in shares of Aris Mining during the fourth quarter worth $37,000. PNC Financial Services Group Inc. acquired a new position in shares of Aris Mining during the first quarter worth $45,000. Finally, Geneos Wealth Management Inc. acquired a new position in shares of Aris Mining during the first quarter worth $46,000. Institutional investors own 39.71% of the company’s stock.

Aris Mining Stock Up 0.5%

ARIS stock opened at $14.66 on Friday. The firm has a 50 day moving average of $15.81 and a 200 day moving average of $17.81. The stock has a market capitalization of $3.03 billion, a PE ratio of 17.46 and a beta of -0.22. The company has a quick ratio of 1.62, a current ratio of 1.78 and a debt-to-equity ratio of 0.30. Aris Mining Co. has a 52 week low of $6.65 and a 52 week high of $23.29.

Aris Mining (NYSE:ARIS) last released its earnings results on Wednesday, May 6th. The company reported $0.57 earnings per share 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 company had revenue of $372.48 million for the quarter. Sell-side analysts forecast that Aris Mining Co. will post 2.41 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ARIS shares. Zacks Research raised Aris Mining from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Weiss Ratings lowered Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.00.

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.