250,000 Shares in Aris Mining Co. $ARMN Acquired by U S Global Investors Inc.

U S Global Investors Inc. bought a new position in shares of Aris Mining Co. (NYSE:ARMN) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 250,000 shares of the company’s stock, valued at approximately $1,685,000. U S Global Investors Inc. owned about 0.14% of Aris Mining at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ARMN. Quantbot Technologies LP bought a new stake in Aris Mining during the first quarter worth $76,000. Cambridge Investment Research Advisors Inc. bought a new stake in Aris Mining during the first quarter worth $116,000. Virtu Financial LLC bought a new stake in Aris Mining during the first quarter worth $117,000. Sprott Inc. lifted its stake in 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 purchasing an additional 11,210 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. bought a new stake in Aris Mining during the first quarter worth $284,000. 35.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on ARMN shares. Zacks Research cut Aris Mining from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, August 21st. BMO Capital Markets restated an “outperform” rating on shares of Aris Mining in a research note on Thursday, September 4th. National Bankshares reiterated an “outperform” rating on shares of Aris Mining in a research note on Monday, September 8th. Finally, Canaccord Genuity Group increased their price target on Aris Mining from $16.50 to $17.00 and gave the company a “buy” rating in a research note on Thursday, September 4th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.00.

Aris Mining Stock Down 1.8%

Shares of ARMN opened at $10.07 on Friday. Aris Mining Co. has a 52 week low of $3.29 and a 52 week high of $10.94. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of -503.50 and a beta of -0.30. 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 stock has a fifty day moving average of $8.76 and a 200-day moving average of $7.05.

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.