U S Global Investors Inc. Raises Holdings in Aris Mining Co. $ARMN

by · The Markets Daily

U S Global Investors Inc. raised its position in Aris Mining Co. (NYSE:ARMN – Free Report) by 20.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 300,000 shares of the company’s stock after purchasing an additional 50,000 shares during the period. U S Global Investors Inc. owned 0.15% of Aris Mining worth $2,938,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. acquired a new stake in shares of Aris Mining in the second quarter valued at about $32,173,000. Amundi grew its stake in Aris Mining by 3,670.1% during the 2nd quarter. Amundi now owns 1,885,031 shares of the company’s stock valued at $12,969,000 after acquiring an additional 1,835,031 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Aris Mining by 41,257.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,815,998 shares of the company’s stock valued at $12,204,000 after acquiring an additional 1,811,607 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Aris Mining in the 2nd quarter valued at about $11,203,000. Finally, Bank of America Corp DE lifted its stake in Aris Mining by 131.2% in the 2nd quarter. Bank of America Corp DE now owns 1,065,642 shares of the company’s stock worth $7,161,000 after purchasing an additional 604,672 shares in the last quarter. Institutional investors and hedge funds own 35.81% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. National Bankshares restated an “outperform” rating on shares of Aris Mining in a research report on Monday, November 3rd. Zacks Research lowered Aris Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Aris Mining in a report on Thursday, October 30th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $17.00.

Get Our Latest Analysis on Aris Mining

Aris Mining Trading Down 2.6%

ARMN opened at $15.81 on Friday. The stock has a market capitalization of $3.23 billion, a PE ratio of -790.50 and a beta of -0.51. Aris Mining Co. has a one year low of $3.50 and a one year high of $16.99. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.13 and a current ratio of 1.45. The business’s 50 day moving average price is $13.28 and its 200 day moving average price is $10.04.

Aris Mining Company Profile

(Free Report)

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.

Featured Stories