Amundi acquired a new position in shares of Aris Mining Co. (NYSE:ARIS – Free Report) during the 2nd quarter, Holdings Channel reports. The firm acquired 1,103,004 shares of the company’s stock, valued at approximately $16,446,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp bought a new stake in shares of Aris Mining in the second quarter valued at about $225,425,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Aris Mining in the second quarter valued at about $89,137,000. Arrowstreet Capital Limited Partnership bought a new position in Aris Mining during the first quarter worth about $97,429,000. FIL Ltd bought a new position in Aris Mining during the fourth quarter worth about $62,900,000. Finally, Merewether Investment Management LP acquired a new stake in Aris Mining in the 3rd quarter worth about $18,748,000. Institutional investors and hedge funds own 39.71% of the company’s stock.
Aris Mining Stock Up 0.6%
ARIS stock opened at $19.52 on Friday. Aris Mining Co. has a 52 week low of $8.75 and a 52 week high of $23.29. The business has a 50-day simple moving average of $17.06 and a 200 day simple moving average of $17.67. The company has a quick ratio of 1.68, a current ratio of 1.91 and a debt-to-equity ratio of 0.26. The company has a market cap of $4.03 billion, a PE ratio of 14.15 and a beta of -0.06.
Wall Street Analysts Forecast Growth
ARIS has been the topic of a number of analyst reports. Zacks Research lowered shares of Aris Mining from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 5th. 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. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold”.
Get Our Latest Research Report on Aris Mining
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.
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