Sprott Inc. Acquires 11,210 Shares of Aris Mining Co. $ARMN

Sprott Inc. raised its stake in Aris Mining Co. (NYSE:ARMN) by 27.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,134 shares of the company’s stock after buying an additional 11,210 shares during the period. Sprott Inc.’s holdings in Aris Mining were worth $242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in ARMN. Invesco Ltd. grew its holdings in Aris Mining by 4.8% during the 1st quarter. Invesco Ltd. now owns 6,901,062 shares of the company’s stock worth $32,021,000 after acquiring an additional 319,110 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Aris Mining by 21.5% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,999,250 shares of the company’s stock worth $13,862,000 after purchasing an additional 530,750 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Aris Mining by 28.8% during the first quarter. Deutsche Bank AG now owns 1,401,597 shares of the company’s stock valued at $6,503,000 after buying an additional 312,981 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Aris Mining by 37.4% in the first quarter. American Century Companies Inc. now owns 1,366,667 shares of the company’s stock valued at $6,316,000 after purchasing an additional 371,834 shares during the period. Finally, Alberta Investment Management Corp increased its holdings in Aris Mining by 6.4% in the 1st quarter. Alberta Investment Management Corp now owns 1,102,664 shares of the company’s stock worth $5,095,000 after buying an additional 66,614 shares during the period. Institutional investors own 35.81% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, National Bankshares reaffirmed an “outperform” rating on shares of Aris Mining in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Aris Mining Stock Up 1.1%

Shares of ARMN opened at $7.11 on Friday. Aris Mining Co. has a 52-week low of $3.29 and a 52-week high of $8.18. The company has a market capitalization of $1.44 billion, a PE ratio of -355.50 and a beta of -0.34. The stock has a fifty day simple moving average of $7.06 and a two-hundred day simple moving average of $5.76. The company has a quick ratio of 1.13, a current ratio of 1.45 and a debt-to-equity ratio of 0.32.

Aris Mining Company Profile

Aris Mining Corporation, together with its subsidiaries, engages in the acquisition, exploration, development, and operation of gold properties in Canada, Colombia, and Guyana. It also explores for silver and copper deposits. The company was formerly known as GCM Mining Corp. and changed its name to Aris Mining Corporation in September 2022.