Cumberland Partners Ltd Takes $1.01 Million Position in Aris Mining Co. $ARIS

Cumberland Partners Ltd bought a new stake in shares of Aris Mining Co. (NYSE:ARIS) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 54,600 shares of the company’s stock, valued at approximately $1,011,000.

Several other institutional investors and hedge funds have also bought and sold shares of ARIS. Arrowstreet Capital Limited Partnership bought a new stake in Aris Mining in the first quarter valued at $97,429,000. FIL Ltd acquired a new position in shares of Aris Mining during the fourth quarter valued at about $62,900,000. Merewether Investment Management LP bought a new position in shares of Aris Mining during the 3rd quarter worth about $18,748,000. Amundi boosted its position in shares of 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 purchasing an additional 1,835,031 shares in the last quarter. Finally, Mubadala Investment Co PJSC acquired a new stake in shares of Aris Mining in the 4th quarter valued at about $28,226,000. 39.71% of the stock is owned by institutional investors.

Aris Mining Stock Performance

Shares of ARIS stock opened at $14.66 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.62 and a debt-to-equity ratio of 0.30. The firm has a fifty day simple moving average of $15.81 and a two-hundred day simple moving average of $17.81. Aris Mining Co. has a 12 month low of $6.65 and a 12 month high of $23.29. The firm has a market capitalization of $3.03 billion, a PE ratio of 17.46 and a beta of -0.22.

Aris Mining (NYSE:ARIS) last released its quarterly earnings data 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). The business had revenue of $372.48 million during the quarter. Aris Mining had a net margin of 15.19% and a return on equity of 20.97%. Analysts forecast that Aris Mining Co. will post 2.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Aris Mining Company 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.