Coastal Bridge Advisors LLC Purchases New Stake in Aris Mining Co. $ARIS

Coastal Bridge Advisors LLC acquired a new position in shares of Aris Mining Co. (NYSE:ARIS) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 25,000 shares of the company’s stock, valued at approximately $373,000.

Other large investors have also recently bought and sold shares of the company. RMG Wealth Management LLC acquired a new stake in Aris Mining in the first quarter valued at $30,000. Kestra Advisory Services LLC acquired 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 in the 4th quarter valued at about $37,000. PNC Financial Services Group Inc. purchased a new position in shares of Aris Mining in the 1st quarter valued at about $45,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of Aris Mining in the first quarter valued at about $46,000. Hedge funds and other institutional investors own 39.71% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Aris Mining Stock Down 4.4%

Aris Mining stock opened at $20.32 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.68 and a current ratio of 1.91. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 14.72 and a beta of -0.14. Aris Mining Co. has a fifty-two week low of $8.10 and a fifty-two week high of $23.29. The stock’s fifty day moving average is $16.16 and its two-hundred day moving average is $17.63.

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