Aris Mining (NYSE:ARMN) Upgraded by Zacks Research to “Strong-Buy” Rating

Aris Mining (NYSE:ARMN) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other research analysts have also recently commented on ARMN. BMO Capital Markets reissued 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 equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to MarketBeat.com, Aris Mining has a consensus rating of “Buy” and a consensus price target of $17.00.

Aris Mining Trading Down 4.4%

Shares of Aris Mining stock opened at $20.47 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.45 and a quick ratio of 1.13. Aris Mining has a 1 year low of $3.57 and a 1 year high of $21.98. The firm has a market cap of $4.21 billion, a PE ratio of -1,023.50 and a beta of -0.55. The company has a 50 day simple moving average of $16.37 and a two-hundred day simple moving average of $11.56.

Institutional Trading of Aris Mining

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. MMCAP International Inc. SPC increased its stake in shares of Aris Mining by 45.1% in the third quarter. MMCAP International Inc. SPC now owns 16,436,882 shares of the company’s stock worth $161,109,000 after buying an additional 5,112,295 shares during the period. Hillsdale Investment Management Inc. purchased a new position in shares of Aris Mining in the second quarter valued at about $32,173,000. Arrowstreet Capital Limited Partnership raised 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 valued at $41,228,000 after acquiring an additional 2,542,740 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Aris Mining by 18.0% during the third 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 period. Finally, American Century Companies Inc. grew its stake in shares of Aris Mining by 75.4% in the third 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. 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.