William Blair Investment Management LLC Makes New Investment in Aris Mining Co. $ARIS

William Blair Investment Management LLC bought a new position in Aris Mining Co. (NYSE:ARIS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 716,467 shares of the company’s stock, valued at approximately $11,628,000.

Other institutional investors have also recently made changes to their positions in the company. Global Retirement Partners LLC bought a new stake in shares of Aris Mining during the fourth quarter valued at approximately $37,000. PNC Financial Services Group Inc. bought a new position in Aris Mining in the 4th quarter valued at approximately $45,000. Gamco Investors INC. ET AL boosted its stake in Aris Mining by 14.6% during the 4th quarter. Gamco Investors INC. ET AL now owns 25,745 shares of the company’s stock valued at $418,000 after purchasing an additional 3,275 shares during the last quarter. Swiss Life Asset Management Ltd purchased a new stake in Aris Mining during the 4th quarter valued at $338,000. Finally, Triasima Portfolio Management inc. increased its holdings in shares of Aris Mining by 1.6% in the 4th quarter. Triasima Portfolio Management inc. now owns 180,520 shares of the company’s stock worth $2,932,000 after purchasing an additional 2,861 shares in the last quarter. Hedge funds and other institutional investors own 39.71% of the company’s stock.

Analyst Ratings Changes

ARIS has been the subject of several recent analyst reports. Zacks Research cut Aris Mining from a “hold” rating to a “strong sell” rating in a research note on Monday, May 18th. Weiss Ratings raised Aris Mining from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $17.00.

Aris Mining Trading Up 0.0%

NYSE:ARIS opened at $17.24 on Tuesday. The company has a market cap of $3.56 billion, a PE ratio of 20.53 and a beta of -0.35. The company has a current ratio of 1.78, a quick ratio of 1.62 and a debt-to-equity ratio of 0.30. The company has a 50 day simple moving average of $18.73 and a two-hundred day simple moving average of $17.31. Aris Mining Co. has a 12 month low of $6.22 and a 12 month high of $23.29.

Aris Mining (NYSE:ARIS) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate 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%. Research analysts forecast that Aris Mining Co. will post 2.62 earnings per share 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.