Triasima Portfolio Management inc. Takes Position in Aris Mining Co. $ARMN

Triasima Portfolio Management inc. acquired a new stake in shares of Aris Mining Co. (NYSE:ARMN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 174,907 shares of the company’s stock, valued at approximately $1,175,000. Triasima Portfolio Management inc. owned about 0.10% of Aris Mining at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Aris Mining during the first quarter valued at $116,000. Goldman Sachs Group Inc. boosted its holdings in Aris Mining by 31.0% in the first quarter. Goldman Sachs Group Inc. now owns 706,876 shares of the company’s stock valued at $3,280,000 after purchasing an additional 167,212 shares during the last quarter. Farther Finance Advisors LLC purchased a new stake in Aris Mining in the second quarter valued at $370,000. Charles Schwab Investment Management Inc. purchased a new stake in Aris Mining in the first quarter valued at $284,000. Finally, Nuveen LLC purchased a new stake in Aris Mining in the first quarter valued at $589,000. 35.81% of the stock is owned by hedge funds and other institutional investors.

Aris Mining Trading Down 0.4%

ARMN stock opened at $10.37 on Wednesday. The company’s 50-day simple moving average is $8.56 and its 200-day simple moving average is $6.94. 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 Co. has a 52-week low of $3.29 and a 52-week high of $10.86. The firm has a market cap of $2.10 billion, a P/E ratio of -518.50 and a beta of -0.30.

Analyst Upgrades and Downgrades

ARMN has been the topic of several recent research reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Aris Mining in a report on Thursday, September 4th. Zacks Research lowered shares of Aris Mining from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, August 21st. Canaccord Genuity Group upped their price target on shares of Aris Mining from $16.50 to $17.00 and gave the company a “buy” rating in a report on Thursday, September 4th. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Aris Mining in a report on Monday, September 8th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

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.