Public Employees Retirement System of Ohio Makes New Investment in Aris Mining Co. $ARIS

Public Employees Retirement System of Ohio acquired a new stake in shares of Aris Mining Co. (NYSE:ARIS) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 58,948 shares of the company’s stock, valued at approximately $1,091,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ARIS. Arrowstreet Capital Limited Partnership purchased a new position in shares of Aris Mining in the first quarter worth approximately $97,429,000. RMG Wealth Management LLC purchased a new stake in shares of Aris Mining in the 1st quarter valued at approximately $30,000. Walleye Capital LLC acquired a new position in Aris Mining in the 1st quarter worth approximately $22,842,000. Cetera Investment Advisers acquired a new position in Aris Mining in the 1st quarter worth approximately $1,770,000. Finally, PNC Financial Services Group Inc. purchased a new position in Aris Mining during the 1st quarter worth approximately $45,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ARIS has been the subject of a number of research analyst reports. Weiss Ratings lowered Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 23rd. Zacks Research raised Aris Mining from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.00.

Aris Mining Stock Performance

Shares of NYSE ARIS opened at $14.39 on Tuesday. The business’s 50-day moving average price is $15.42 and its two-hundred day moving average price is $17.70. 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 Co. has a one year low of $6.65 and a one year high of $23.29. The company has a market capitalization of $2.97 billion, a P/E ratio of 10.43 and a beta of -0.14.

Aris Mining (NYSE:ARIS) last issued its earnings results on Wednesday, July 29th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.08. The company 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%. Analysts anticipate that Aris Mining Co. will post 2.41 earnings per share for the current fiscal year.

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.