301,000 Shares in Aris Mining Co. $ARIS Purchased by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC purchased a new position in Aris Mining Co. (NYSE:ARIS) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 301,000 shares of the company’s stock, valued at approximately $4,885,000. Zweig DiMenna Associates LLC owned approximately 0.15% of Aris Mining as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of ARIS. Global Retirement Partners LLC acquired a new position in Aris Mining in the fourth quarter worth about $37,000. PNC Financial Services Group Inc. acquired a new position in Aris Mining in the fourth quarter valued at approximately $45,000. Banque Cantonale Vaudoise acquired a new position in Aris Mining in the third quarter valued at approximately $93,000. Insigneo Advisory Services LLC acquired a new position in Aris Mining in the third quarter valued at approximately $98,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its stake in Aris Mining by 51.3% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 11,800 shares of the company’s stock valued at $116,000 after acquiring an additional 4,000 shares during the period. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Aris Mining Stock Performance

Shares of ARIS stock opened at $18.10 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.78 and a debt-to-equity ratio of 0.30. The business has a 50 day moving average of $18.65 and a two-hundred day moving average of $17.47. Aris Mining Co. has a 52 week low of $6.24 and a 52 week high of $23.29. The company has a market cap of $3.74 billion, a P/E ratio of 21.55 and a beta of -0.35.

Aris Mining (NYSE:ARIS) last issued its 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 company 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%. As a group, analysts anticipate that Aris Mining Co. will post 2.62 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Weiss Ratings upgraded Aris Mining from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. Zacks Research downgraded Aris Mining from a “hold” rating to a “strong sell” rating in a research note on Monday, May 18th. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

Aris Mining Company 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.