5,246,294 Shares in Aris Mining Co. $ARIS Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership acquired a new stake in Aris Mining Co. (NYSE:ARIS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,246,294 shares of the company's stock, valued at approximately $97,429,000. Arrowstreet Capital Limited Partnership owned about 2.54% of Aris Mining at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ARIS. FIL Ltd acquired a new position in Aris Mining during the fourth quarter worth $62,900,000. JPMorgan Chase & Co. raised its holdings in shares of Aris Mining by 87.3% in the 4th quarter. JPMorgan Chase & Co. now owns 3,240,826 shares of the company's stock valued at $52,599,000 after buying an additional 1,510,919 shares during the period. Bank of Montreal Can lifted its stake in Aris Mining by 87.4% during the 4th quarter. Bank of Montreal Can now owns 2,273,031 shares of the company's stock worth $36,865,000 after acquiring an additional 1,060,049 shares in the last quarter. Amundi lifted its stake in Aris Mining by 15.5% during the 3rd quarter. Amundi now owns 2,176,647 shares of the company's stock worth $22,659,000 after acquiring an additional 291,616 shares in the last quarter. Finally, Merewether Investment Management LP purchased a new position in Aris Mining during the 3rd quarter valued at about $18,748,000. Hedge funds and other institutional investors own 39.71% of the company's stock.

Aris Mining Stock Up 0.5%

Shares of NYSE:ARIS opened at $14.66 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.78 and a debt-to-equity ratio of 0.30. The firm's 50-day simple moving average is $15.81 and its 200-day simple moving average is $17.81. Aris Mining Co. has a fifty-two week low of $6.65 and a fifty-two week high of $23.29. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 17.46 and a beta of -0.22.

Aris Mining (NYSE:ARIS - Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.62 by ($0.05). Aris Mining had a return on equity of 20.97% and a net margin of 15.19%.The business had revenue of $372.48 million for the quarter. As a group, equities research analysts predict that Aris Mining Co. will post 2.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Zacks Research raised Aris Mining from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 7th. Weiss Ratings lowered shares of Aris Mining from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Aris Mining currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.00.

About Aris Mining

Aris Mining Corp, headquartered in Vancouver, British Columbia, is a mineral exploration and development company focused on advancing a diversified portfolio of precious metal and lithium assets. Listed on the New York Stock Exchange under the ticker ARMN, the company pursues a disciplined strategy of resource definition and project development to deliver value for its shareholders.

The firm’s principal assets include several high-grade gold projects across multiple continents and a strategic lithium property in the United States.

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