400,000 Shares in Aris Mining Co. $ARIS Bought by U S Global Investors Inc.

U S Global Investors Inc. purchased a new stake in Aris Mining Co. (NYSE:ARIS) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 400,000 shares of the company’s stock, valued at approximately $6,960,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ARIS. Van ECK Associates Corp purchased a new position in Aris Mining during the 2nd quarter valued at about $225,425,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Aris Mining in the second quarter valued at approximately $89,137,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Aris Mining in the first quarter valued at approximately $97,429,000. Bank of America Corp DE bought a new position in shares of Aris Mining in the first quarter valued at approximately $33,528,000. Finally, Amundi bought a new position in shares of Aris Mining in the first quarter valued at approximately $32,743,000. 39.71% of the stock is currently owned by institutional investors.

Aris Mining Stock Down 8.2%

Shares of NYSE ARIS opened at $15.64 on Friday. The stock has a market capitalization of $3.23 billion, a P/E ratio of 9.84 and a beta of 0.04. Aris Mining Co. has a one year low of $8.75 and a one year high of $23.29. The firm’s 50 day simple moving average is $18.63 and its two-hundred day simple moving average is $17.52. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.91 and a quick ratio of 1.68.

Aris Mining (NYSE:ARIS) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.08. The firm had revenue of $330.23 million for the quarter. Aris Mining had a return on equity of 22.82% and a net margin of 22.43%. As a group, analysts expect that Aris Mining Co. will post 2.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ARIS shares. Wall Street Zen lowered shares of Aris Mining from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. Zacks Research upgraded shares of Aris Mining from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 29th. Finally, Weiss Ratings raised shares of Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, September 18th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

About Aris Mining

Aris Mining Corporation is a gold mining company focused on the exploration, development and operation of mineral properties in Latin America. The company’s primary product is gold, with silver produced as a byproduct at certain operations.

Aris Mining’s principal assets are in Colombia, including the Segovia Operations in Antioquia and the Marmato mining complex in Caldas. Segovia is an established underground mining district with processing facilities, while Marmato includes existing operations and development opportunities intended to support long-term production.

The company also has exploration and development interests in Guyana, including the Toroparu project.