Legal & General Group Plc Sells 71,731 Shares of Aris Mining Co. $ARIS

Legal & General Group Plc reduced its position in shares of Aris Mining Co. (NYSE:ARIS) by 9.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 662,542 shares of the company’s stock after selling 71,731 shares during the quarter. Legal & General Group Plc owned about 0.32% of Aris Mining worth $10,754,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ARIS. TT International Asset Management LTD bought a new stake in shares of Aris Mining in the 4th quarter valued at about $12,864,000. Tudor Investment Corp ET AL bought a new stake in shares of Aris Mining in the 3rd quarter valued at about $10,038,000. Apis Capital Advisors LLC increased its stake in shares of Aris Mining by 33.9% in the 3rd quarter. Apis Capital Advisors LLC now owns 2,514,000 shares of the company’s stock valued at $24,642,000 after acquiring an additional 636,000 shares during the last quarter. MMCAP International Inc. SPC increased its stake in shares of Aris Mining by 45.1% in the 3rd quarter. MMCAP International Inc. SPC now owns 16,436,882 shares of the company’s stock valued at $161,109,000 after acquiring an additional 5,112,295 shares during the last quarter. Finally, TD Asset Management Inc increased its stake in shares of Aris Mining by 200.0% in the 3rd quarter. TD Asset Management Inc now owns 562,363 shares of the company’s stock valued at $5,513,000 after acquiring an additional 374,906 shares during the last quarter. 39.71% of the stock is owned by institutional investors.

Aris Mining Stock Performance

Shares of ARIS stock opened at $16.85 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.78 and a quick ratio of 1.62. The stock has a market cap of $3.48 billion, a PE ratio of 20.05 and a beta of -0.39. The stock has a 50-day moving average of $18.70 and a 200-day moving average of $17.65. Aris Mining Co. has a one year low of $6.24 and a one year high of $23.29.

Aris Mining (NYSE:ARIS) last posted its earnings results on Wednesday, May 6th. The company reported $0.57 earnings per share (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 business had revenue of $372.48 million for the quarter. As a group, sell-side analysts expect that Aris Mining Co. will post 2.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Weiss Ratings raised Aris Mining from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. Zacks Research cut Aris Mining from a “hold” rating to a “strong sell” rating in a research note on Monday, May 18th. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Aris Mining currently has an average rating of “Moderate Buy” and a consensus price target of $17.00.

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.