Aris Mining Co. $ARIS is Apis Capital Advisors LLC’s 7th Largest Position

Apis Capital Advisors LLC grew its stake in shares of Aris Mining Co. (NYSE:ARIS) by 33.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,514,000 shares of the company’s stock after acquiring an additional 636,000 shares during the period. Aris Mining accounts for approximately 5.4% of Apis Capital Advisors LLC’s portfolio, making the stock its 7th largest holding. Apis Capital Advisors LLC owned 1.24% of Aris Mining worth $24,642,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. MMCAP International Inc. SPC raised its stake in shares of Aris Mining by 45.1% during the 3rd quarter. MMCAP International Inc. SPC now owns 16,436,882 shares of the company’s stock valued at $161,109,000 after purchasing an additional 5,112,295 shares during the period. Hillsdale Investment Management Inc. purchased a new stake in Aris Mining during the 2nd quarter worth about $32,173,000. Arrowstreet Capital Limited Partnership boosted its stake in Aris Mining by 152.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,207,221 shares of the company’s stock worth $41,228,000 after purchasing an additional 2,542,740 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Aris Mining by 18.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,951,691 shares of the company’s stock worth $38,722,000 after purchasing an additional 602,941 shares during the period. Finally, American Century Companies Inc. grew its holdings in Aris Mining by 75.4% during the 3rd quarter. American Century Companies Inc. now owns 2,776,448 shares of the company’s stock valued at $27,211,000 after buying an additional 1,193,444 shares in the last quarter. 39.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ARIS. BMO Capital Markets reiterated an “outperform” rating on shares of Aris Mining in a research report on Friday, January 23rd. Weiss Ratings initiated coverage on shares of Aris Mining in a research report on Wednesday. They issued a “hold (c+)” rating for the company. Finally, Zacks Research raised shares of Aris Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $17.00.

Aris Mining Stock Performance

Shares of NYSE ARIS opened at $18.59 on Friday. The stock’s 50-day moving average is $18.86 and its 200 day moving average is $14.16. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of 48.92 and a beta of -0.74. Aris Mining Co. has a 1-year low of $4.22 and a 1-year high of $23.29. The company has a current ratio of 2.42, a quick ratio of 2.16 and a debt-to-equity ratio of 0.33.

Aris Mining (NYSE:ARIS) last issued its earnings results on Wednesday, March 11th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.17). Aris Mining had a return on equity of 16.18% and a net margin of 8.45%.The firm had revenue of $308.57 million during the quarter. On average, sell-side analysts anticipate that Aris Mining Co. will post 0.36 EPS for the current fiscal 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.