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

Key Points

• Amundi purchased 1,103,004 shares of Aris Mining in the second quarter, valued at approximately $16.4 million and representing about 0.53% of the company.
• Several other institutional investors also increased or initiated positions, including VanEck, Connor Clark & Lunn, FIL, and JPMorgan Chase; institutions collectively own 39.71% of Aris Mining.
• Aris Mining reported quarterly EPS of $0.47, beating estimates of $0.39, on revenue of $330.23 million. Despite the earnings beat, analyst sentiment averages “Hold,” with recent downgrades from Weiss Ratings and Zacks Research.

Amundi purchased a new stake in Aris Mining Co. (NYSE:ARIS - Free Report) 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 - Get Free Report) 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.