Public Employees Retirement System of Ohio Takes $1.09 Million Position in Aris Mining Co. $ARIS

Public Employees Retirement System of Ohio acquired a new stake in Aris Mining Co. (NYSE:ARIS) in the 1st quarter, HoldingsChannel.com reports. The firm acquired 58,948 shares of the company’s stock, valued at approximately $1,091,000.

A number of other large investors have also recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership acquired a new position in Aris Mining during the first quarter worth $97,429,000. RMG Wealth Management LLC acquired a new stake in shares of Aris Mining in the first quarter worth about $30,000. Walleye Capital LLC acquired a new stake in shares of Aris Mining in the first quarter worth about $22,842,000. Cetera Investment Advisers bought a new stake in shares of Aris Mining during the 1st quarter worth about $1,770,000. Finally, PNC Financial Services Group Inc. bought a new stake in shares of Aris Mining during the 1st quarter worth about $45,000. 39.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ARIS. Weiss Ratings downgraded Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 23rd. Zacks Research raised Aris Mining from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.00.

Aris Mining Trading Up 7.7%

Aris Mining stock opened at $14.39 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.68 and a current ratio of 1.91. The business’s 50-day simple moving average is $15.42 and its 200-day simple moving average is $17.70. The firm has a market capitalization of $2.97 billion, a PE ratio of 10.43 and a beta of -0.14. Aris Mining Co. has a 52 week low of $6.65 and a 52 week high of $23.29.

Aris Mining (NYSE:ARIS) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.08. Aris Mining had a return on equity of 22.82% and a net margin of 22.43%.The business had revenue of $330.23 million during the quarter. Equities research analysts forecast that Aris Mining Co. will post 2.41 earnings per share 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.