Aris Mining Co. $ARIS Shares Sold by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. cut its stake in shares of Aris Mining Co. (NYSE:ARIS) by 50.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,015,741 shares of the company’s stock after selling 2,047,837 shares during the quarter. Aris Mining makes up approximately 0.9% of Hillsdale Investment Management Inc.’s portfolio, making the stock its 26th biggest position. Hillsdale Investment Management Inc. owned 0.98% of Aris Mining worth $32,750,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ARIS. MMCAP International Inc. SPC grew its position in shares of Aris Mining by 45.1% during the third quarter. MMCAP International Inc. SPC now owns 16,436,882 shares of the company’s stock worth $161,109,000 after buying an additional 5,112,295 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Aris Mining by 152.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 4,207,221 shares of the company’s stock worth $41,228,000 after buying an additional 2,542,740 shares in the last quarter. Merewether Investment Management LP acquired a new position in shares of Aris Mining during the third quarter worth about $18,748,000. Amundi grew its position in shares of Aris Mining by 3,670.1% during the second quarter. Amundi now owns 1,885,031 shares of the company’s stock worth $12,969,000 after buying an additional 1,835,031 shares in the last quarter. Finally, Woodline Partners LP acquired a new position in shares of Aris Mining during the third quarter worth about $13,361,000. 39.71% of the stock is owned by institutional investors and hedge funds.

Aris Mining Stock Performance

Shares of ARIS opened at $18.10 on Friday. The stock has a 50 day moving average price of $18.65 and a 200 day moving average price of $17.47. The company has a quick ratio of 1.62, a current ratio of 1.78 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 21.55 and a beta of -0.35. Aris Mining Co. has a 52-week low of $6.24 and a 52-week high of $23.29.

Aris Mining (NYSE:ARIS) last announced 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 net margin of 15.19% and a return on equity of 20.97%. The business had revenue of $372.48 million during the quarter. Research analysts predict that Aris Mining Co. will post 2.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ARIS shares. Weiss Ratings raised Aris Mining from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 8th. Zacks Research downgraded Aris Mining from a “hold” rating to a “strong sell” rating in a research report 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.