Aris Mining (NYSE:ARMN) Trading Up 3.9% – What’s Next?

Shares of Aris Mining Co. (NYSE:ARMN) traded up 3.9% on Friday . The stock traded as high as $19.33 and last traded at $19.2610. 1,744,162 shares changed hands during mid-day trading, a decline of 10% from the average session volume of 1,945,749 shares. The stock had previously closed at $18.53.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ARMN shares. National Bank Financial reaffirmed an “outperform” rating on shares of Aris Mining in a report on Monday, November 3rd. Zacks Research raised shares of Aris Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Aris Mining in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $17.00.

Aris Mining Stock Up 3.9%

The company has a quick ratio of 1.13, a current ratio of 1.45 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $3.96 billion, a PE ratio of -963.05 and a beta of -0.55. The firm’s fifty day moving average is $17.93 and its 200-day moving average is $12.90.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Hillsdale Investment Management Inc. acquired a new stake in Aris Mining in the 2nd quarter valued at about $32,173,000. Sheets Smith Investment Management purchased a new stake in shares of Aris Mining in the third quarter valued at about $1,351,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Aris Mining in the third quarter valued at approximately $1,783,000. Northwest & Ethical Investments L.P. purchased a new position in shares of Aris Mining during the 2nd quarter worth approximately $878,000. Finally, CIBC Asset Management Inc acquired a new position in shares of Aris Mining during the 3rd quarter worth approximately $1,648,000. Hedge funds and other institutional investors own 35.81% of the company’s stock.

Aris Mining Company 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.