56,600 Shares of Aris Mining Co. $ARIS Bought by Global Strategic Management Inc.

Global Strategic Management Inc. bought a new position in Aris Mining Co. (NYSE:ARIS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 56,600 shares of the company’s stock, valued at approximately $987,000. Aris Mining comprises approximately 0.7% of Global Strategic Management Inc.’s investment portfolio, making the stock its 21st biggest position.

Other institutional investors also recently modified their holdings of the company. Engineers Gate Manager LP grew its holdings in Aris Mining by 275.3% in the 2nd quarter. Engineers Gate Manager LP now owns 120,499 shares of the company’s stock valued at $1,797,000 after buying an additional 88,394 shares during the last quarter. Deutsche Bank AG bought a new position in Aris Mining during the second quarter worth $21,321,000. The Manufacturers Life Insurance Company acquired a new position in Aris Mining during the 1st quarter valued at $3,445,000. Cibc World Market Inc. acquired a new stake in Aris Mining in the 2nd quarter worth $4,721,000. Finally, Cetera Investment Advisers acquired a new position in shares of Aris Mining during the first quarter valued at about $1,770,000. Institutional investors own 39.71% of the company’s stock.

Aris Mining Stock Up 6.9%

Shares of NYSE:ARIS opened at $17.36 on Friday. The company’s fifty day moving average is $18.68 and its 200-day moving average is $17.58. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.68 and a current ratio of 1.91. Aris Mining Co. has a 52 week low of $8.75 and a 52 week high of $23.29. The company has a market capitalization of $3.58 billion, a PE ratio of 12.58 and a beta of 0.04.

Aris Mining (NYSE:ARIS) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.08. The firm had revenue of $330.23 million for the quarter. Aris Mining had a net margin of 22.43% and a return on equity of 22.82%. Equities research analysts predict that Aris Mining Co. will post 2.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

ARIS has been the topic of several recent research reports. Wall Street Zen lowered Aris Mining from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. Zacks Research raised shares of Aris Mining from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 29th. Finally, Weiss Ratings upgraded shares of Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, September 18th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Aris Mining presently has an average rating of “Moderate Buy”.

About Aris Mining

Aris Mining Corporation is a Canadian gold mining company focused on the exploration, development, and operation of gold properties in the Americas. The company’s activities include underground and open-pit mining, mineral processing, exploration, project development, and related infrastructure and operational services.

Aris Mining’s principal assets are in Colombia, including the Segovia Operations in Antioquia, a high-grade underground mining and processing complex, and the Marmato Operations in Caldas.