Tudor Investment Corp ET AL Invests $10.04 Million in Aris Mining Co. $ARIS

Tudor Investment Corp ET AL purchased a new stake in shares of Aris Mining Co. (NYSE:ARIS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,024,262 shares of the company’s stock, valued at approximately $10,038,000. Tudor Investment Corp ET AL owned 0.50% of Aris Mining as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of ARIS. Public Employees Retirement System of Ohio boosted its holdings in Aris Mining by 2.7% during the third quarter. Public Employees Retirement System of Ohio now owns 55,647 shares of the company’s stock worth $546,000 after buying an additional 1,441 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Aris Mining by 2.5% during the 2nd quarter. Cetera Investment Advisers now owns 88,214 shares of the company’s stock valued at $593,000 after acquiring an additional 2,135 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Aris Mining by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 89,102 shares of the company’s stock worth $599,000 after acquiring an additional 2,617 shares in the last quarter. Triasima Portfolio Management inc. grew its holdings in shares of Aris Mining by 1.6% in the 3rd quarter. Triasima Portfolio Management inc. now owns 177,659 shares of the company’s stock worth $1,742,000 after acquiring an additional 2,752 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA grew its holdings 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 acquiring an additional 4,000 shares during the last quarter. 39.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ARIS. Zacks Research upgraded Aris Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Weiss Ratings upgraded Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, March 25th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Aris Mining in a research report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $17.00.

Aris Mining Stock Down 0.1%

ARIS opened at $19.30 on Monday. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 50.78 and a beta of -0.13. The business has a 50 day moving average of $18.80 and a 200-day moving average of $15.10. Aris Mining Co. has a 1-year low of $4.22 and a 1-year high of $23.29.

Aris Mining (NYSE:ARIS) last issued its earnings results on Wednesday, March 11th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.17). The firm had revenue of $308.57 million during the quarter. Aris Mining had a return on equity of 15.59% and a net margin of 8.45%. As a group, sell-side analysts anticipate that Aris Mining Co. will post 0.36 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.