PDT Partners LLC Buys New Shares in Aris Mining Co. $ARIS

PDT Partners LLC purchased a new position in Aris Mining Co. (NYSE:ARIS) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 107,381 shares of the company’s stock, valued at approximately $1,601,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Aris Mining by 96.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 521,597 shares of the company’s stock valued at $2,410,000 after purchasing an additional 256,022 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Aris Mining by 31.0% in 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 last quarter. Geode Capital Management LLC raised its position in shares of Aris Mining by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 89,102 shares of the company’s stock valued at $599,000 after buying an additional 2,617 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Aris Mining by 2.5% during the 2nd quarter. Cetera Investment Advisers now owns 88,214 shares of the company’s stock valued at $593,000 after buying an additional 2,135 shares in the last quarter. Finally, Walleye Capital LLC bought a new position in shares of Aris Mining in the 2nd quarter valued at about $548,000. Institutional investors own 39.71% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Aris Mining Stock Performance

Shares of Aris Mining stock opened at $20.60 on Thursday. The company has a current ratio of 1.91, a quick ratio of 1.68 and a debt-to-equity ratio of 0.26. The stock’s fifty day moving average price is $15.99 and its 200-day moving average price is $17.58. The firm has a market cap of $4.25 billion, a P/E ratio of 14.93 and a beta of -0.14. Aris Mining Co. has a 12 month low of $7.83 and a 12 month high of $23.29.

Aris Mining (NYSE:ARIS) last posted its earnings results on Wednesday, July 29th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.08. The company had revenue of $330.23 million during the quarter. Aris Mining had a return on equity of 22.82% and a net margin of 22.43%. On average, equities research 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.