TD Asset Management Inc Boosts Position in Aris Mining Co. $ARIS

TD Asset Management Inc grew its holdings in shares of Aris Mining Co. (NYSE:ARIS) by 14.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 644,526 shares of the company’s stock after buying an additional 82,163 shares during the period. TD Asset Management Inc owned 0.31% of Aris Mining worth $10,467,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Global Retirement Partners LLC purchased a new position in shares of Aris Mining during the fourth quarter valued at approximately $37,000. PNC Financial Services Group Inc. purchased a new position in shares of Aris Mining during the fourth quarter valued at approximately $45,000. Banque Cantonale Vaudoise bought a new position in Aris Mining in the third quarter worth about $93,000. Insigneo Advisory Services LLC bought a new position in Aris Mining in the third quarter worth about $98,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its stake in 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 buying an additional 4,000 shares in the last quarter. 39.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ARIS shares. Weiss Ratings downgraded shares of Aris Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. Zacks Research downgraded shares of Aris Mining from a “hold” rating to a “strong sell” rating in a research note on Monday, May 18th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Aris Mining presently has an average rating of “Moderate Buy” and a consensus target price of $17.00.

Aris Mining Price Performance

ARIS stock opened at $15.06 on Wednesday. Aris Mining Co. has a 1 year low of $6.31 and a 1 year high of $23.29. The company has a market cap of $3.11 billion, a P/E ratio of 17.92 and a beta of -0.39. The firm has a 50-day moving average of $18.60 and a 200 day moving average of $17.76. 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 (NYSE:ARIS) last released its quarterly 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 company had revenue of $372.48 million during the quarter. On average, sell-side analysts forecast that Aris Mining Co. will post 2.62 EPS 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.