Aris Mining (NYSE:ARMN) Upgraded at Zacks Research

Zacks Research upgraded shares of Aris Mining (NYSE:ARMN) from a hold rating to a strong-buy rating in a report issued on Wednesday,Zacks.com reports.

Several other analysts also recently weighed in on ARMN. BMO Capital Markets reiterated an “outperform” rating on shares of Aris Mining in a research note on Friday, January 23rd. National Bankshares reiterated an “outperform” rating on shares of Aris Mining in a research report on Monday, November 3rd. 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, Aris Mining currently has an average rating of “Buy” and an average target price of $17.00.

Aris Mining Trading Down 16.3%

NYSE:ARMN opened at $17.14 on Wednesday. The company has a market capitalization of $3.52 billion, a P/E ratio of -857.00 and a beta of -0.55. The company has a current ratio of 1.45, a quick ratio of 1.13 and a debt-to-equity ratio of 0.32. Aris Mining has a 12 month low of $3.57 and a 12 month high of $21.98. The firm has a fifty day simple moving average of $16.48 and a 200-day simple moving average of $11.63.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ARMN. MMCAP International Inc. SPC increased its holdings in Aris Mining by 45.1% in the 3rd quarter. MMCAP International Inc. SPC now owns 16,436,882 shares of the company’s stock worth $161,109,000 after acquiring an additional 5,112,295 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of Aris Mining in the second quarter valued at about $32,173,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Aris Mining by 152.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 4,207,221 shares of the company’s stock worth $41,228,000 after purchasing an additional 2,542,740 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Aris Mining by 18.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,951,691 shares of the company’s stock worth $38,722,000 after purchasing an additional 602,941 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Aris Mining by 75.4% during the 3rd quarter. American Century Companies Inc. now owns 2,776,448 shares of the company’s stock worth $27,211,000 after purchasing an additional 1,193,444 shares during the last quarter. 35.81% of the stock is owned by institutional investors and hedge funds.

About Aris Mining

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.