Edmond DE Rothschild Holding S.A. Invests $4.08 Million in Aris Mining Co. $ARIS

Edmond DE Rothschild Holding S.A. bought a new stake in Aris Mining Co. (NYSE:ARIS) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 274,371 shares of the company’s stock, valued at approximately $4,076,000.

Several other institutional investors also recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership bought a new position in Aris Mining during the 1st quarter worth approximately $97,429,000. FIL Ltd purchased a new position in Aris Mining in the 4th quarter worth approximately $62,900,000. Merewether Investment Management LP purchased a new position in Aris Mining in the 3rd quarter worth approximately $18,748,000. Amundi lifted its position in Aris Mining by 3,670.1% in the second quarter. Amundi now owns 1,885,031 shares of the company’s stock valued at $12,969,000 after purchasing an additional 1,835,031 shares during the last quarter. Finally, Bank of America Corp DE bought a new stake in Aris Mining in the first quarter valued at approximately $33,528,000. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

Aris Mining Stock Performance

Aris Mining stock opened at $19.64 on Thursday. The company has a current ratio of 1.91, a quick ratio of 1.68 and a debt-to-equity ratio of 0.26. The firm has a market cap of $4.05 billion, a P/E ratio of 14.23 and a beta of -0.14. Aris Mining Co. has a 1-year low of $6.76 and a 1-year high of $23.29. The firm has a 50-day moving average of $15.57 and a 200-day moving average of $17.50.

Aris Mining (NYSE:ARIS) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.08. The company 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%. Sell-side analysts expect that Aris Mining Co. will post 2.28 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Weiss Ratings upgraded shares of Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Zacks Research lowered shares of Aris Mining from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 5th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock 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.