1,103,004 Shares in Aris Mining Co. $ARIS Purchased by Amundi

Amundi purchased a new stake in Aris Mining Co. (NYSE:ARIS) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,103,004 shares of the company’s stock, valued at approximately $16,446,000. Amundi owned approximately 0.53% of Aris Mining as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Van ECK Associates Corp bought a new stake in shares of Aris Mining during the 2nd quarter worth approximately $225,425,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Aris Mining in the second quarter valued at $89,137,000. Arrowstreet Capital Limited Partnership increased its holdings in Aris Mining by 28.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,418,929 shares of the company’s stock worth $87,907,000 after buying an additional 1,211,708 shares during the last quarter. FIL Ltd acquired a new position in Aris Mining during the fourth quarter worth $62,900,000. Finally, JPMorgan Chase & Co. raised its position in Aris Mining by 87.3% during the fourth quarter. JPMorgan Chase & Co. now owns 3,240,826 shares of the company’s stock worth $52,599,000 after acquiring an additional 1,510,919 shares in the last quarter. Institutional investors and hedge funds own 39.71% of the company’s stock.

Aris Mining Price Performance

NYSE:ARIS opened at $19.52 on Friday. The company has a market cap of $4.03 billion, a P/E ratio of 14.15 and a beta of -0.06. The firm’s fifty day moving average price is $17.06 and its two-hundred day moving average price is $17.67. Aris Mining Co. has a one year low of $8.75 and a one year high of $23.29. 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 the consensus estimate of $0.39 by $0.08. Aris Mining had a net margin of 22.43% and a return on equity of 22.82%. The business had revenue of $330.23 million during the quarter. Equities analysts expect that Aris Mining Co. will post 2.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ARIS. Weiss Ratings downgraded shares of Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research 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. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Aris Mining Profile

Aris Mining Corporation is a gold mining company focused on the exploration, development and operation of mineral properties in Colombia. The company produces gold and associated silver through its underground and processing operations, with a strategy centered on expanding production, extending mine lives and advancing exploration opportunities in established mining districts.

Aris Mining’s principal assets include the Segovia Operations in Antioquia, Colombia, a long-running high-grade underground mining complex, and the Marmato Mining Complex in Caldas, Colombia.