American Century Companies Inc. Raises Stock Position in Aris Mining Co. $ARMN

American Century Companies Inc. lifted its holdings in shares of Aris Mining Co. (NYSE:ARMN) by 75.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,776,448 shares of the company’s stock after acquiring an additional 1,193,444 shares during the quarter. American Century Companies Inc. owned about 1.37% of Aris Mining worth $27,211,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Public Sector Pension Investment Board acquired a new stake in Aris Mining in the 3rd quarter valued at $148,000. Gamco Investors INC. ET AL acquired a new position in shares of Aris Mining during the second quarter worth about $121,000. Verde Servicos Internacionais S.A. purchased a new stake in shares of Aris Mining in the third quarter worth about $196,000. Baader Bank Aktiengesellschaft purchased a new stake in shares of Aris Mining in the third quarter worth about $201,000. Finally, Erste Asset Management GmbH acquired a new stake in shares of Aris Mining in the third quarter valued at about $236,000. 35.81% of the stock is owned by hedge funds and other institutional investors.

Aris Mining Stock Performance

Shares of ARMN opened at $19.26 on Monday. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of -963.05 and a beta of -0.55. 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 business’s 50 day moving average is $18.56 and its two-hundred day moving average is $13.79. Aris Mining Co. has a 52-week low of $3.57 and a 52-week high of $21.98.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Zacks Research upgraded shares of Aris Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. BMO Capital Markets reissued an “outperform” rating on shares of Aris Mining in a research report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat, Aris Mining currently has a consensus rating of “Buy” and an average price target of $17.00.

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.