Man Group plc Acquires Shares of 102,443 Aris Mining Co. $ARIS

Man Group plc bought a new position in shares of Aris Mining Co. (NYSE:ARIS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 102,443 shares of the company’s stock, valued at approximately $1,527,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Kestra Advisory Services LLC purchased a new position in Aris Mining during the 4th quarter worth $27,000. RMG Wealth Management LLC purchased a new position in shares of Aris Mining in the 1st quarter valued at $30,000. Global Retirement Partners LLC purchased a new position in Aris Mining in the fourth quarter valued at about $37,000. PNC Financial Services Group Inc. bought a new position in shares of Aris Mining during the 1st quarter worth approximately $45,000. Finally, Geneos Wealth Management Inc. acquired a new position in shares of Aris Mining during the first quarter worth $46,000. Institutional investors own 39.71% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on ARIS. Weiss Ratings downgraded shares of Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, August 20th. Zacks Research downgraded Aris Mining from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $17.00.

Aris Mining Stock Up 4.3%

NYSE:ARIS opened at $19.67 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.91 and a quick ratio of 1.68. The company’s fifty day moving average price is $16.39 and its 200-day moving average price is $17.62. Aris Mining Co. has a 1-year low of $8.75 and a 1-year high of $23.29. The firm has a market capitalization of $4.06 billion, a P/E ratio of 14.26 and a beta of -0.07.

Aris Mining (NYSE:ARIS) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.39 by $0.08. The company had revenue of $330.23 million for the quarter. Aris Mining had a net margin of 22.43% and a return on equity of 22.82%. As a group, equities research analysts anticipate that Aris Mining Co. will post 2.28 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.