Van ECK Associates Corp Makes New Investment in Aris Mining Co. $ARIS

Van ECK Associates Corp bought a new position in Aris Mining Co. (NYSE:ARIS) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 15,117,127 shares of the company’s stock, valued at approximately $225,425,000. Van ECK Associates Corp owned 0.07% of Aris Mining at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ARIS. Kestra Advisory Services LLC bought a new position in Aris Mining in the 4th quarter worth approximately $27,000. RMG Wealth Management LLC bought a new stake in Aris Mining during the 1st quarter valued at $30,000. Global Retirement Partners LLC bought a new stake in Aris Mining during the 4th quarter valued at $37,000. PNC Financial Services Group Inc. purchased a new stake in shares of Aris Mining during the fourth quarter worth $45,000. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of Aris Mining during the first quarter worth $46,000. Institutional investors own 39.71% of the company’s stock.

Aris Mining Price Performance

ARIS stock opened at $20.32 on Friday. The firm has a 50 day moving average of $16.16 and a 200-day moving average of $17.63. The firm has a market capitalization of $4.19 billion, a P/E ratio of 14.72 and a beta of -0.14. Aris Mining Co. has a 12 month low of $8.10 and a 12 month high of $23.29. The company has a current ratio of 1.91, a quick ratio of 1.68 and a debt-to-equity ratio of 0.26.

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 business had revenue of $330.23 million for the quarter. Aris Mining had a net margin of 22.43% and a return on equity of 22.82%. As a group, sell-side analysts predict that Aris Mining Co. will post 2.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Zacks Research cut Aris Mining from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 5th. Weiss Ratings cut Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, August 20th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” 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.