TT International Asset Management LTD Makes New $12.86 Million Investment in Aris Mining Co. $ARIS

Key Points

• TT International bought 792,653 shares of Aris Mining (NYSE:ARIS) in Q4—about $12.86 million—representing roughly 0.39% ownership of Aris and ~2.7% of TT International's portfolio (its 16th largest holding).
• Multiple large institutions (MMCAP, Arrowstreet, Connor Clark & Lunn, American Century, Apis) also increased stakes, leaving institutional ownership at ~39.7%, and analysts maintain a consensus Buy rating with an average target of $17.00.
• Aris missed quarterly EPS expectations ($0.37 vs. $0.54) on $308.6M revenue; the stock trades around $20.66 with a market cap near $4.25B and a P/E of about 54.4 (50-day MA $18.82, 200-day MA $15.44).

TT International Asset Management LTD bought a new position in Aris Mining Co. (NYSE:ARIS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 792,653 shares of the company's stock, valued at approximately $12,864,000. Aris Mining accounts for about 2.7% of TT International Asset Management LTD's investment portfolio, making the stock its 16th largest holding. TT International Asset Management LTD owned approximately 0.39% of Aris Mining as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. MMCAP International Inc. SPC lifted its position in Aris Mining by 45.1% in the third quarter. MMCAP International Inc. SPC now owns 16,436,882 shares of the company's stock worth $161,109,000 after purchasing an additional 5,112,295 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Aris Mining by 152.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 4,207,221 shares of the company's stock valued at $41,228,000 after buying an additional 2,542,740 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Aris Mining by 18.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,951,691 shares of the company's stock valued at $38,722,000 after buying an additional 602,941 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Aris Mining by 75.4% in the third quarter. American Century Companies Inc. now owns 2,776,448 shares of the company's stock valued at $27,211,000 after buying an additional 1,193,444 shares in the last quarter. Finally, Apis Capital Advisors LLC increased its holdings in shares of Aris Mining by 33.9% in the third quarter. Apis Capital Advisors LLC now owns 2,514,000 shares of the company's stock valued at $24,642,000 after buying an additional 636,000 shares in the last quarter. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Aris Mining Price Performance

Shares of NYSE:ARIS opened at $20.66 on Friday. The company's fifty day moving average is $18.82 and its two-hundred day moving average is $15.44. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.32. Aris Mining Co. has a 12-month low of $5.14 and a 12-month high of $23.29. The company has a market cap of $4.25 billion, a P/E ratio of 54.37 and a beta of -0.13.

Aris Mining (NYSE:ARIS - Get Free Report) last announced its earnings results on Wednesday, March 11th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.17). Aris Mining had a net margin of 8.45% and a return on equity of 15.59%. The firm had revenue of $308.57 million for the quarter. Equities analysts expect that Aris Mining Co. will post 0.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. BMO Capital Markets reaffirmed an "outperform" rating on shares of Aris Mining in a report on Friday, January 23rd. Zacks Research raised Aris Mining from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 28th. Finally, Weiss Ratings raised Aris Mining from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company's stock. Based on data from MarketBeat, Aris Mining has a consensus rating of "Buy" and an average 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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