Connor Clark & Lunn Investment Management Ltd. Takes $89.14 Million Position in Aris Mining Co. $ARIS

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Aris Mining Co. (NYSE:ARIS) 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.

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) 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

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.