131,977 Shares in Aris Mining Co. $ARIS Purchased by PVG Asset Management Corp

PVG Asset Management Corp bought a new stake in Aris Mining Co. (NYSE:ARIS) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 131,977 shares of the company’s stock, valued at approximately $2,283,000. Aris Mining makes up about 1.6% of PVG Asset Management Corp’s holdings, making the stock its 17th largest holding.

Several other large investors have also recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership raised its position in shares of Aris Mining by 28.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,418,929 shares of the company’s stock worth $87,907,000 after buying an additional 1,211,708 shares in the last quarter. FIL Ltd bought a new position in shares of Aris Mining in the fourth quarter valued at approximately $62,900,000. JPMorgan Chase & Co. boosted its holdings in shares of Aris Mining by 87.3% in the fourth quarter. JPMorgan Chase & Co. now owns 3,240,826 shares of the company’s stock valued at $52,599,000 after acquiring an additional 1,510,919 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Aris Mining by 87.4% in the fourth quarter. Bank of Montreal Can now owns 2,273,031 shares of the company’s stock valued at $36,865,000 after acquiring an additional 1,060,049 shares in the last quarter. Finally, Amundi increased its stake in shares of Aris Mining by 15.5% during the third quarter. Amundi now owns 2,176,647 shares of the company’s stock valued at $22,659,000 after acquiring an additional 291,616 shares during the period. Institutional investors and hedge funds own 39.71% of the company’s stock.

Aris Mining Price Performance

NYSE ARIS opened at $13.35 on Monday. 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 Co. has a 1 year low of $6.65 and a 1 year high of $23.29. The company has a market cap of $2.76 billion, a PE ratio of 9.68 and a beta of -0.14. The stock’s 50-day moving average price is $15.48 and its two-hundred day moving average price is $17.72.

Aris Mining (NYSE:ARIS) last announced its earnings results on Wednesday, July 29th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.39 by $0.08. Aris Mining had a net margin of 22.43% and a return on equity of 22.82%. The company had revenue of $330.23 million during the quarter. On average, analysts predict that Aris Mining Co. will post 2.41 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Weiss Ratings cut 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 note on Tuesday, July 7th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.