TT International Asset Management LTD Buys 4,264,941 Shares of Aris Mining Co. $ARIS

Key Points

• TT International Asset Management bought 4,264,941 Aris Mining shares in the third quarter, worth about $74.2 million. The position represents 2.07% of the company and 8.3% of the fund’s portfolio.
• Analyst views are mixed: two analysts rate Aris Mining Buy and one Sell, while MarketBeat’s consensus rating is Hold.
• Aris Mining shares opened at $14.43 after a reported 1.7% decline; the stock’s 52-week range is $9.55 to $23.29.

TT International Asset Management LTD bought a new stake in Aris Mining Co. (NYSE:ARIS - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 4,264,941 shares of the company's stock, valued at approximately $74,210,000. Aris Mining makes up 8.3% of TT International Asset Management LTD's investment portfolio, making the stock its 5th biggest holding. TT International Asset Management LTD owned 2.07% of Aris Mining as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. FNY Investment Advisers LLC raised its holdings in shares of Aris Mining by 15.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 11,500 shares of the company's stock worth $171,000 after buying an additional 1,500 shares in the last quarter. RMG Wealth Management LLC acquired a new stake in Aris Mining in the first quarter valued at about $30,000. TD Waterhouse Canada Inc. boosted its stake in Aris Mining by 41.7% in the second quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company's stock valued at $93,000 after buying an additional 1,876 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Aris Mining by 12.0% in the third quarter. Farther Finance Advisors LLC now owns 17,642 shares of the company's stock valued at $307,000 after buying an additional 1,888 shares in the last quarter. Finally, PNC Financial Services Group Inc. bought a new position in Aris Mining in the first quarter valued at about $45,000. Institutional investors own 39.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ARIS shares. Wall Street Zen downgraded shares of Aris Mining from a "buy" rating to a "hold" rating in a research note on Saturday, October 10th. Zacks Research cut shares of Aris Mining from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 28th. Finally, Weiss Ratings raised shares of Aris Mining from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, September 18th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Aris Mining presently has an average rating of "Hold".

Aris Mining Stock Down 1.7%

NYSE:ARIS opened at $14.43 on Wednesday. Aris Mining Co. has a one year low of $9.55 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. The company has a market cap of $2.98 billion, a PE ratio of 8.49 and a beta of 0.18. The firm's 50 day simple moving average is $17.99 and its 200 day simple moving average is $17.78.

About Aris Mining

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.

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