4,264,941 Shares in Aris Mining Co. $ARIS Acquired by TT International Asset Management LTD

TT International Asset Management LTD bought a new stake in Aris Mining Co. (NYSE:ARIS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,264,941 shares of the company’s stock, valued at approximately $74,210,000. Aris Mining comprises 8.3% of TT International Asset Management LTD’s portfolio, making the stock its 5th largest position.

Other large investors also recently modified their holdings of the company. Van ECK Associates Corp bought a new position in Aris Mining during the second quarter worth $225,425,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Aris Mining in the 1st quarter worth about $97,429,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Aris Mining during the 2nd quarter worth approximately $89,137,000. Bank of America Corp DE acquired a new stake in shares of Aris Mining during the 1st quarter worth approximately $33,528,000. Finally, Amundi acquired a new stake in shares of Aris Mining during the 1st quarter worth approximately $32,743,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Aris Mining Stock Down 1.7%

ARIS stock opened at $14.43 on Wednesday. Aris Mining Co. has a twelve month low of $9.55 and a twelve month high of $23.29. 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 stock’s 50 day moving average is $17.99 and its 200-day moving average is $17.78. The firm has a market capitalization of $2.98 billion, a PE ratio of 8.49 and a beta of 0.18.

Analysts Set New Price Targets

ARIS has been the topic of a number of research reports. Weiss Ratings upgraded shares of Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, September 18th. Zacks Research cut Aris Mining from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 28th. Finally, Wall Street Zen downgraded shares of Aris Mining from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, 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 Latin America. The company’s primary product is gold, with silver produced as a byproduct at certain operations.

Aris Mining’s principal assets are in Colombia, including the Segovia Operations in Antioquia and the Marmato mining complex in Caldas. Segovia is an established underground mining district with processing facilities, while Marmato includes existing operations and development opportunities intended to support long-term production.

The company also has exploration and development interests in Guyana, including the Toroparu project.