Pictet Asset Management Holding SA Makes New Investment in Aris Mining Co. $ARIS

Pictet Asset Management Holding SA acquired a new stake in Aris Mining Co. (NYSE:ARIS) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 63,031 shares of the company’s stock, valued at approximately $1,167,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kestra Advisory Services LLC bought a new stake in Aris Mining in the fourth quarter worth approximately $27,000. Global Retirement Partners LLC bought a new position in shares of Aris Mining during the 4th quarter worth approximately $37,000. PNC Financial Services Group Inc. bought a new position in shares of Aris Mining during the 4th quarter worth approximately $45,000. Banque Cantonale Vaudoise acquired a new stake in shares of Aris Mining during the 3rd quarter worth approximately $93,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its stake in shares of Aris Mining by 51.3% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 11,800 shares of the company’s stock valued at $116,000 after acquiring an additional 4,000 shares in the last quarter. Institutional investors own 39.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ARIS shares. Zacks Research downgraded shares of Aris Mining from a “hold” rating to a “strong sell” rating in a research report on Monday, May 18th. Weiss Ratings downgraded shares of Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 23rd. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Aris Mining currently has a consensus rating of “Hold” and an average price target of $17.00.

Aris Mining Stock Down 1.6%

Shares of ARIS traded down $0.25 during trading hours on Tuesday, reaching $15.73. The stock had a trading volume of 162,144 shares, compared to its average volume of 1,695,977. The firm has a 50-day simple moving average of $17.11 and a 200 day simple moving average of $17.99. Aris Mining Co. has a 12 month low of $6.65 and a 12 month high of $23.29. 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 market capitalization of $3.25 billion, a price-to-earnings ratio of 18.80 and a beta of -0.22.

Aris Mining (NYSE:ARIS) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.57 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 for the quarter. Equities research analysts predict that Aris Mining Co. will post 2.62 earnings per share for the current fiscal year.

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.