Aris Mining Co. $ARIS Stock Position Lessened by Apis Capital Advisors LLC

Apis Capital Advisors LLC trimmed its stake in shares of Aris Mining Co. (NYSE:ARIS) by 3.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,424,000 shares of the company’s stock after selling 90,000 shares during the quarter. Aris Mining accounts for 6.8% of Apis Capital Advisors LLC’s holdings, making the stock its 2nd largest holding. Apis Capital Advisors LLC’s holdings in Aris Mining were worth $39,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Kestra Advisory Services LLC acquired a new stake in shares of Aris Mining in the 4th quarter valued at about $27,000. Global Retirement Partners LLC purchased a new position in shares of Aris Mining during the 4th quarter worth approximately $37,000. PNC Financial Services Group Inc. purchased a new position in shares of Aris Mining during the 4th quarter worth approximately $45,000. Banque Cantonale Vaudoise acquired a new stake in shares of Aris Mining in the 3rd quarter worth approximately $93,000. Finally, Insigneo Advisory Services LLC acquired a new stake in shares of Aris Mining in the 3rd quarter worth approximately $98,000. 39.71% of the stock is owned by institutional investors and hedge funds.

Aris Mining Price Performance

ARIS stock opened at $17.09 on Thursday. Aris Mining Co. has a 52-week low of $6.31 and a 52-week high of $23.29. The stock’s fifty day simple moving average is $18.27 and its 200-day simple moving average is $17.90. 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 stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of 20.35 and a beta of -0.39.

Aris Mining (NYSE:ARIS) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.05). The business had revenue of $372.48 million for the quarter. Aris Mining had a return on equity of 20.97% and a net margin of 15.19%. Equities research analysts expect that Aris Mining Co. will post 2.62 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ARIS shares. Weiss Ratings cut Aris Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. Zacks Research cut Aris Mining from a “hold” rating to a “strong sell” rating in a report on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $17.00.

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.