Legal & General Group Plc Takes Position in Aris Mining Co. $ARIS

Legal & General Group Plc acquired a new stake in shares of Aris Mining Co. (NYSE:ARIS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 519,790 shares of the company’s stock, valued at approximately $7,749,000. Legal & General Group Plc owned approximately 0.25% of Aris Mining as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its holdings in shares of Aris Mining by 2.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 55,647 shares of the company’s stock worth $546,000 after acquiring an additional 1,441 shares during the last quarter. FNY Investment Advisers LLC increased its holdings in Aris Mining by 15.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 11,500 shares of the company’s stock worth $171,000 after purchasing an additional 1,500 shares during the period. RMG Wealth Management LLC acquired a new stake in Aris Mining in the first quarter valued at approximately $30,000. Kestra Advisory Services LLC acquired a new stake in shares of Aris Mining in the 4th quarter valued at $27,000. Finally, Cetera Investment Advisers lifted its holdings in Aris Mining by 2.5% during the 2nd quarter. Cetera Investment Advisers now owns 88,214 shares of the company’s stock worth $593,000 after buying an additional 2,135 shares during the last quarter. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, August 20th. Zacks Research lowered Aris Mining from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Aris Mining has an average rating of “Hold” and a consensus target price of $17.00.

Aris Mining Stock Performance

NYSE:ARIS opened at $18.83 on Wednesday. The company has a quick ratio of 1.68, a current ratio of 1.91 and a debt-to-equity ratio of 0.26. Aris Mining Co. has a fifty-two week low of $8.59 and a fifty-two week high of $23.29. The stock has a market cap of $3.89 billion, a PE ratio of 13.65 and a beta of -0.07. The firm’s fifty day simple moving average is $16.29 and its 200-day simple moving average is $17.62.

Aris Mining (NYSE:ARIS) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.39 by $0.08. The firm had revenue of $330.23 million during the quarter. Aris Mining had a net margin of 22.43% and a return on equity of 22.82%. Analysts expect that Aris Mining Co. will post 2.28 earnings per share 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.