Deutsche Bank AG Makes New $21.32 Million Investment in Aris Mining Co. $ARIS

Deutsche Bank AG acquired a new stake in Aris Mining Co. (NYSE:ARIS) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 1,429,958 shares of the company’s stock, valued at approximately $21,321,000.

A number of other hedge funds also recently made changes to their positions in ARIS. Arrowstreet Capital Limited Partnership acquired a new position in shares of Aris Mining during the first quarter worth $97,429,000. FIL Ltd acquired a new stake in Aris Mining during the 4th quarter valued at $62,900,000. Merewether Investment Management LP purchased a new stake in Aris Mining during the 3rd quarter worth $18,748,000. Amundi increased its stake in Aris Mining by 3,670.1% during the 2nd quarter. Amundi now owns 1,885,031 shares of the company’s stock worth $12,969,000 after buying an additional 1,835,031 shares during the period. Finally, Bank of America Corp DE purchased a new stake in Aris Mining during the 1st quarter worth $33,528,000. Hedge funds and other institutional investors own 39.71% of the company’s stock.

Aris Mining Stock Performance

Shares of Aris Mining stock opened at $20.89 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.68 and a current ratio of 1.91. Aris Mining Co. has a 1 year low of $6.87 and a 1 year high of $23.29. The firm’s 50-day simple moving average is $15.78 and its 200-day simple moving average is $17.55. The firm has a market cap of $4.31 billion, a PE ratio of 15.14 and a beta of -0.14.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Weiss Ratings raised Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Zacks Research downgraded Aris Mining from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.00.

About Aris Mining

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.