Quantbot Technologies LP Takes $982,000 Position in Aris Mining Co. $ARIS

Quantbot Technologies LP purchased a new stake in shares of Aris Mining Co. (NYSE:ARIS) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 65,835 shares of the company’s stock, valued at approximately $982,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership lifted its holdings in Aris Mining by 28.8% in 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 purchased a new stake in shares of Aris Mining during the fourth quarter worth about $62,900,000. JPMorgan Chase & Co. lifted its stake 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 worth $52,599,000 after acquiring an additional 1,510,919 shares in the last quarter. Bank of Montreal Can boosted its holdings in 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 purchasing an additional 1,060,049 shares during the last quarter. Finally, Amundi boosted its holdings in Aris Mining by 15.5% in the third quarter. Amundi now owns 2,176,647 shares of the company’s stock valued at $22,659,000 after purchasing an additional 291,616 shares during the last quarter. Hedge funds and other institutional investors own 39.71% of the company’s stock.

Aris Mining Stock Down 2.7%

NYSE:ARIS opened at $20.60 on Thursday. 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 company has a market capitalization of $4.25 billion, a price-to-earnings ratio of 14.93 and a beta of -0.14. Aris Mining Co. has a one year low of $7.83 and a one year high of $23.29. The stock has a 50-day simple moving average of $15.99 and a 200 day simple moving average of $17.58.

Aris Mining (NYSE:ARIS) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.47 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $330.23 million for the quarter. Sell-side analysts predict that Aris Mining Co. will post 2.28 EPS for the current fiscal year.

Analysts Set New Price Targets

ARIS has been the topic of several analyst reports. Weiss Ratings downgraded Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, August 20th. Zacks Research cut Aris Mining from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 5th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Aris Mining has an average rating of “Hold” and an average 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.