1,230,054 Shares in Aris Mining Co. $ARIS Acquired by Walleye Capital LLC

Walleye Capital LLC acquired a new stake in Aris Mining Co. (NYSE:ARIS) during the 1st quarter, Holdings Channel.com reports. The firm acquired 1,230,054 shares of the company’s stock, valued at approximately $22,842,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. TT International Asset Management LTD acquired a new position in shares of Aris Mining in the 4th quarter valued at $12,864,000. Tudor Investment Corp ET AL acquired a new stake in shares of Aris Mining during the third quarter worth $10,038,000. Intact Investment Management Inc. acquired a new stake in shares of Aris Mining during the fourth quarter worth $2,489,000. Zweig DiMenna Associates LLC bought a new stake in Aris Mining in the fourth quarter valued at about $4,885,000. Finally, U S Global Investors Inc. bought a new stake in Aris Mining in the first quarter valued at about $6,319,000. 39.71% of the stock is owned by institutional investors.

Aris Mining Trading Up 1.3%

ARIS opened at $14.89 on Thursday. The firm’s fifty day moving average is $15.98 and its two-hundred day moving average is $17.84. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.62 and a current ratio of 1.78. The firm has a market cap of $3.07 billion, a PE ratio of 17.73 and a beta of -0.22. Aris Mining Co. has a twelve month low of $6.65 and a twelve month high of $23.29.

Aris Mining (NYSE:ARIS) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.05). Aris Mining had a return on equity of 20.97% and a net margin of 15.19%.The firm had revenue of $372.48 million for the quarter. Equities research analysts anticipate that Aris Mining Co. will post 2.5 EPS for the current year.

Analysts Set New Price Targets

ARIS has been the topic of several analyst reports. Weiss Ratings raised Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 8th. Zacks Research upgraded Aris Mining from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Aris Mining currently has a consensus rating of “Moderate Buy” and an average price target of $17.00.

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.