Bank of Montreal Can Has $993,000 Position in Aris Mining Co. $ARMN

Bank of Montreal Can increased its stake in shares of Aris Mining Co. (NYSE:ARMN) by 12.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 147,364 shares of the company’s stock after acquiring an additional 16,059 shares during the quarter. Bank of Montreal Can owned approximately 0.08% of Aris Mining worth $993,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in shares of Aris Mining during the first quarter valued at about $76,000. GWN Securities Inc. bought a new stake in Aris Mining in the 2nd quarter valued at about $76,000. Vanguard Personalized Indexing Management LLC raised its stake in Aris Mining by 16.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 12,303 shares of the company’s stock worth $83,000 after buying an additional 1,780 shares during the period. Virtu Financial LLC acquired a new position in Aris Mining during the 1st quarter worth approximately $117,000. Finally, Sprott Inc. boosted its holdings in Aris Mining by 27.4% in the first quarter. Sprott Inc. now owns 52,134 shares of the company’s stock worth $242,000 after acquiring an additional 11,210 shares in the last quarter. 35.81% of the stock is owned by institutional investors.

Aris Mining Price Performance

ARMN opened at $11.25 on Friday. Aris Mining Co. has a 1 year low of $3.29 and a 1 year high of $11.78. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.45 and a quick ratio of 1.13. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of -562.50 and a beta of -0.31. The firm’s fifty day moving average price is $10.01 and its two-hundred day moving average price is $7.98.

Analysts Set New Price Targets

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