Healthcare of Ontario Pension Plan Trust Fund Buys Shares of 513,089 Aris Mining Co. $ARIS

Healthcare of Ontario Pension Plan Trust Fund bought a new position in Aris Mining Co. (NYSE:ARIS) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 513,089 shares of the company’s stock, valued at approximately $9,528,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Aris Mining by 96.4% in 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 period. Goldman Sachs Group Inc. raised its stake in Aris Mining by 31.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 706,876 shares of the company’s stock worth $3,280,000 after buying an additional 167,212 shares during the period. Geode Capital Management LLC raised its stake in 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 buying an additional 2,617 shares during the period. Cetera Investment Advisers lifted its holdings in Aris Mining by 2.5% during the second quarter. Cetera Investment Advisers now owns 88,214 shares of the company’s stock worth $593,000 after acquiring an additional 2,135 shares in the last quarter. Finally, Walleye Capital LLC bought a new position in Aris Mining during the second quarter worth about $548,000. 39.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Zacks Research raised Aris Mining from a “strong sell” rating to a “hold” rating in a research note 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, July 23rd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.00.

Aris Mining Price Performance

ARIS stock opened at $14.47 on Wednesday. The stock has a 50-day moving average price of $15.69 and a two-hundred day moving average price of $17.79. The stock has a market cap of $2.99 billion, a PE ratio of 17.23 and a beta of -0.22. 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 1 year low of $6.65 and a 1 year high of $23.29.

Aris Mining (NYSE:ARIS) last issued 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). The firm had revenue of $372.48 million during the quarter. Aris Mining had a net margin of 15.19% and a return on equity of 20.97%. Equities analysts forecast that Aris Mining Co. will post 2.41 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.