Sigma Planning Corp Invests $940,000 in Aris Mining Co. $ARIS

Sigma Planning Corp purchased a new stake in Aris Mining Co. (NYSE:ARIS) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 50,618 shares of the company’s stock, valued at approximately $940,000.

A number of other institutional investors also recently modified their holdings of ARIS. Kestra Advisory Services LLC purchased a new position in Aris Mining in the 4th quarter valued at approximately $27,000. Global Retirement Partners LLC purchased a new stake in shares of Aris Mining during the fourth quarter worth $37,000. PNC Financial Services Group Inc. purchased a new stake in shares of Aris Mining during the fourth quarter worth $45,000. Banque Cantonale Vaudoise purchased a new stake in shares of Aris Mining during the third quarter worth $93,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its holdings in shares of Aris Mining by 51.3% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 11,800 shares of the company’s stock worth $116,000 after acquiring an additional 4,000 shares during the period. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ARIS. Weiss Ratings upgraded Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 8th. Zacks Research upgraded Aris Mining from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Aris Mining has a consensus rating of “Moderate Buy” and an average price target of $17.00.

Aris Mining Stock Performance

NYSE ARIS opened at $13.92 on Friday. The company’s 50 day simple moving average is $16.32 and its two-hundred day simple moving average is $17.87. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.78 and a quick ratio of 1.62. Aris Mining Co. has a 1 year low of $6.65 and a 1 year high of $23.29. The stock has a market capitalization of $2.87 billion, a PE ratio of 16.57 and a beta of -0.22.

Aris Mining (NYSE:ARIS) last released its quarterly 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). The firm had revenue of $372.48 million for the quarter. Aris Mining had a net margin of 15.19% and a return on equity of 20.97%. Analysts predict that Aris Mining Co. will post 2.5 earnings per share for the current fiscal year.

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.