Sheets Smith Investment Management Takes $1.35 Million Position in Aris Mining Co. $ARMN

Sheets Smith Investment Management purchased a new position in shares of Aris Mining Co. (NYSE:ARMN) in the third quarter, HoldingsChannel.com reports. The firm purchased 137,890 shares of the company’s stock, valued at approximately $1,351,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of ARMN. Quantbot Technologies LP acquired a new position in Aris Mining in the first quarter valued at $76,000. GWN Securities Inc. purchased a new position in shares of Aris Mining during the second quarter worth about $76,000. Vanguard Personalized Indexing Management LLC increased its position in Aris Mining by 16.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 12,303 shares of the company’s stock valued at $83,000 after acquiring an additional 1,780 shares during the period. Gamco Investors INC. ET AL purchased a new stake in Aris Mining during the 2nd quarter valued at approximately $121,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in Aris Mining during the 2nd quarter worth approximately $214,000. 35.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ARMN. BMO Capital Markets restated an “outperform” rating on shares of Aris Mining in a research note on Thursday, October 30th. Zacks Research upgraded shares of Aris Mining from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 10th. Canaccord Genuity Group raised their target price on shares of Aris Mining from $16.50 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, September 4th. Finally, National Bankshares reiterated an “outperform” rating on shares of Aris Mining in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to MarketBeat.com, Aris Mining has a consensus rating of “Buy” and a consensus price target of $17.00.

Aris Mining Stock Up 1.5%

Shares of NYSE ARMN opened at $15.65 on Friday. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of -782.50 and a beta of -0.51. Aris Mining Co. has a 52 week low of $3.29 and a 52 week high of $16.03. The firm has a 50-day moving average price of $11.96 and a 200 day moving average price of $9.29. The company has a quick ratio of 1.13, a current ratio of 1.45 and a debt-to-equity ratio of 0.32.

About Aris Mining

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.