Intact Investment Management Inc. Makes New $2.49 Million Investment in Aris Mining Co. $ARIS

Intact Investment Management Inc. purchased a new position in Aris Mining Co. (NYSE:ARIS) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 153,500 shares of the company’s stock, valued at approximately $2,489,000.

Several other hedge funds have also recently added to or reduced their stakes in ARIS. MMCAP International Inc. SPC grew its position in Aris Mining by 45.1% in the third quarter. MMCAP International Inc. SPC now owns 16,436,882 shares of the company’s stock worth $161,109,000 after buying an additional 5,112,295 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Aris Mining by 152.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 4,207,221 shares of the company’s stock worth $41,228,000 after buying an additional 2,542,740 shares during the last quarter. Merewether Investment Management LP acquired a new position in Aris Mining in the third quarter worth approximately $18,748,000. Amundi grew its position in Aris Mining by 3,670.1% in the second 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 last quarter. Finally, Woodline Partners LP acquired a new position in Aris Mining in the 3rd quarter worth approximately $13,361,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ARIS shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of Aris Mining in a research note on Friday, January 23rd. Zacks Research raised shares of Aris Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Finally, Weiss Ratings raised shares of Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $17.00.

Aris Mining Trading Down 2.0%

Aris Mining stock opened at $17.51 on Tuesday. The company has a 50 day moving average price of $18.95 and a 200 day moving average price of $16.40. Aris Mining Co. has a 52 week low of $5.37 and a 52 week high of $23.29. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.58 and a current ratio of 1.76. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 46.07 and a beta of -0.35.

Aris Mining (NYSE:ARIS) last posted its quarterly earnings data on Wednesday, March 11th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.17). The firm had revenue of $308.57 million during the quarter. Aris Mining had a return on equity of 15.59% and a net margin of 8.45%. Research analysts forecast that Aris Mining Co. will post 2.76 EPS for the current year.

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.