Quantbot Technologies LP Has $1.55 Million Stock Holdings in Aris Mining Co. $ARMN

Quantbot Technologies LP lifted its position in Aris Mining Co. (NYSE:ARMN) by 1,311.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 230,688 shares of the company’s stock after buying an additional 214,342 shares during the quarter. Quantbot Technologies LP’s holdings in Aris Mining were worth $1,550,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ARMN. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Aris Mining by 16.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 12,303 shares of the company’s stock valued at $83,000 after purchasing an additional 1,780 shares during the last quarter. Cetera Investment Advisers raised its holdings in Aris Mining by 2.5% in the 2nd quarter. Cetera Investment Advisers now owns 88,214 shares of the company’s stock valued at $593,000 after acquiring an additional 2,135 shares during the period. Geode Capital Management LLC lifted its position in Aris Mining by 3.0% during the second quarter. Geode Capital Management LLC now owns 89,102 shares of the company’s stock worth $599,000 after acquiring an additional 2,617 shares during the last quarter. Mackenzie Financial Corp lifted its position in Aris Mining by 9.3% during the first quarter. Mackenzie Financial Corp now owns 76,546 shares of the company’s stock worth $354,000 after acquiring an additional 6,537 shares during the last quarter. Finally, Sprott Inc. boosted its holdings in shares of Aris Mining by 27.4% during 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 during the period. Institutional investors and hedge funds own 35.81% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Aris Mining Stock Performance

Aris Mining stock opened at $14.15 on Friday. 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 stock has a market cap of $2.87 billion, a PE ratio of -707.50 and a beta of -0.51. Aris Mining Co. has a 12-month low of $3.29 and a 12-month high of $14.67. The business’s 50-day moving average price is $11.06 and its two-hundred day moving average price is $8.76.

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.