Sigma Planning Corp Purchases New Position in Aris Mining Co. $ARIS

Sigma Planning Corp acquired a new position in Aris Mining Co. (NYSE:ARIS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 50,563 shares of the company’s stock, valued at approximately $754,000.

Other institutional investors also recently bought and sold shares of the company. RMG Wealth Management LLC bought a new stake in Aris Mining during the 1st quarter valued at $30,000. Kestra Advisory Services LLC bought a new position in shares of Aris Mining during the 4th quarter worth $27,000. Global Retirement Partners LLC purchased a new position in shares of Aris Mining during the fourth quarter valued at $37,000. PNC Financial Services Group Inc. purchased a new position in shares of Aris Mining during the first quarter valued at $45,000. Finally, Geneos Wealth Management Inc. bought a new stake in shares of Aris Mining in the first quarter valued at about $46,000. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Weiss Ratings lowered shares of Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, August 20th. Zacks Research downgraded shares of Aris Mining from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $17.00.

Aris Mining Price Performance

Shares of ARIS stock opened at $18.83 on Wednesday. Aris Mining Co. has a 1-year low of $8.59 and a 1-year high of $23.29. The stock’s 50-day moving average is $16.29 and its 200 day moving average is $17.62. The company has a market cap of $3.89 billion, a P/E ratio of 13.65 and a beta of -0.07. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.91 and a quick ratio of 1.68.

Aris Mining (NYSE:ARIS) last announced its earnings results on Wednesday, July 29th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.08. The business had revenue of $330.23 million during the quarter. Aris Mining had a net margin of 22.43% and a return on equity of 22.82%. Research analysts predict that Aris Mining Co. will post 2.28 earnings per share 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.