Connor Clark & Lunn Investment Management Ltd. bought a new stake in Aris Mining Co. (NYSE:ARIS - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,983,207 shares of the company's stock, valued at approximately $89,137,000. Connor Clark & Lunn Investment Management Ltd. owned about 2.90% of Aris Mining at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in ARIS. Quantbot Technologies LP acquired a new stake in Aris Mining in the 2nd quarter worth about $982,000. William Blair Investment Management LLC acquired a new position in shares of Aris Mining during the 2nd quarter valued at about $5,680,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Aris Mining during the 2nd quarter worth about $4,076,000. BlackRock Inc. purchased a new position in shares of Aris Mining during the 2nd quarter worth about $618,000. Finally, Deutsche Bank AG acquired a new stake in shares of Aris Mining in the second quarter worth approximately $21,321,000. 39.71% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms recently issued reports on ARIS. Zacks Research downgraded shares of Aris Mining from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 5th. Weiss Ratings lowered shares of Aris Mining from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $17.00.
Check Out Our Latest Analysis on ARIS
Aris Mining Stock Performance
Aris Mining stock opened at $20.89 on Monday. The stock's 50-day moving average is $15.78 and its 200-day moving average is $17.55. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 15.14 and a beta of -0.14. 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 Co. has a 12 month low of $6.87 and a 12 month high of $23.29.
Aris Mining (NYSE:ARIS - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.08. The business 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%. Equities analysts anticipate that Aris Mining Co. will post 2.28 earnings per share for the current year.
Aris Mining Profile
(
Free Report)
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.
See Also
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.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Aris Mining, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Aris Mining wasn't on the list.
While Aris Mining currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2026. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
