Engineers Gate Manager LP Has $1.80 Million Stock Position in Aris Mining Co. $ARIS

Engineers Gate Manager LP grew its holdings in Aris Mining Co. (NYSE:ARIS) by 275.3% in the second quarter, HoldingsChannel reports. The fund owned 120,499 shares of the company’s stock after buying an additional 88,394 shares during the period. Engineers Gate Manager LP’s holdings in Aris Mining were worth $1,797,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Van ECK Associates Corp acquired a new stake in Aris Mining in the 2nd quarter worth about $225,425,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Aris Mining during the first quarter worth approximately $97,429,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Aris Mining during the second quarter worth approximately $89,137,000. Bank of America Corp DE acquired a new stake in shares of Aris Mining in the first quarter valued at approximately $33,528,000. Finally, Amundi acquired a new stake in shares of Aris Mining in the first quarter valued at approximately $32,743,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ARIS has been the topic of a number of analyst reports. Zacks Research downgraded Aris Mining from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 5th. Weiss Ratings downgraded Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, August 20th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Aris Mining presently has a consensus rating of “Hold”.

Aris Mining Price Performance

Shares of ARIS stock opened at $18.52 on Wednesday. The company has a quick ratio of 1.68, a current ratio of 1.91 and a debt-to-equity ratio of 0.26. Aris Mining Co. has a twelve month low of $8.75 and a twelve month high of $23.29. The company has a market cap of $3.82 billion, a P/E ratio of 13.42 and a beta of -0.06. The business has a fifty day simple moving average of $17.18 and a 200 day simple moving average of $17.65.

Aris Mining (NYSE:ARIS) last released its earnings results on Wednesday, July 29th. The company reported $0.47 earnings per share (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 return on equity of 22.82% and a net margin of 22.43%. On average, sell-side analysts forecast that Aris Mining Co. will post 2.28 EPS for the current fiscal year.

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.