Sagil Capital LLP Lowers Stake in Aris Mining Co. $ARIS

Sagil Capital LLP lessened its holdings in Aris Mining Co. (NYSE:ARIS) by 52.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 450,000 shares of the company’s stock after selling 497,600 shares during the period. Aris Mining comprises approximately 1.7% of Sagil Capital LLP’s holdings, making the stock its 9th biggest position. Sagil Capital LLP’s holdings in Aris Mining were worth $7,299,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ARIS. Global Retirement Partners LLC bought a new position in shares of Aris Mining in the 4th quarter worth approximately $37,000. PNC Financial Services Group Inc. bought a new position in shares of Aris Mining in the 4th quarter worth approximately $45,000. Banque Cantonale Vaudoise bought a new position in shares of Aris Mining in the 3rd quarter worth approximately $93,000. Insigneo Advisory Services LLC bought a new position in shares of Aris Mining in the 3rd quarter worth approximately $98,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in shares of Aris Mining by 51.3% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 11,800 shares of the company’s stock worth $116,000 after purchasing an additional 4,000 shares during the period. Institutional investors own 39.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ARIS. Weiss Ratings cut shares of Aris Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. Zacks Research cut shares of Aris Mining from a “hold” rating to a “strong sell” rating in a research note on Monday, May 18th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.00.

Aris Mining Price Performance

NYSE ARIS opened at $15.08 on Friday. Aris Mining Co. has a 12 month low of $6.31 and a 12 month high of $23.29. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 17.96 and a beta of -0.39. The company’s 50 day moving average is $18.47 and its two-hundred day moving average is $17.81. The company has a current ratio of 1.78, a quick ratio of 1.62 and a debt-to-equity ratio of 0.30.

Aris Mining (NYSE:ARIS) last released its earnings results on Wednesday, May 6th. The company reported $0.57 EPS 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. As a group, research analysts anticipate that Aris Mining Co. will post 2.62 earnings per share for the current year.

About Aris Mining

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.