Aris Mining (NYSE:ARMN) Reaches New 1-Year High – What’s Next?

Aris Mining Co. (NYSE:ARMN)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $17.07 and last traded at $17.0640, with a volume of 761775 shares. The stock had previously closed at $16.40.

Wall Street Analyst Weigh In

ARMN has been the topic of several research analyst reports. BMO Capital Markets reissued an “outperform” rating on shares of Aris Mining in a research report on Thursday, October 30th. National Bankshares reiterated an “outperform” rating on shares of Aris Mining in a research note on Monday, November 3rd. Finally, Zacks Research downgraded shares of Aris Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $17.00.

Aris Mining Stock Performance

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 firm has a 50-day simple moving average of $13.87 and a 200 day simple moving average of $10.30. The company has a market cap of $3.41 billion, a price-to-earnings ratio of -833.00 and a beta of -0.55.

Institutional Trading of Aris Mining

Institutional investors and hedge funds have recently bought and sold shares of the business. Tudor Investment Corp ET AL acquired a new stake in Aris Mining during the 3rd quarter worth $10,038,000. FNY Investment Advisers LLC purchased a new stake in shares of Aris Mining in the third quarter valued at about $169,000. Woodline Partners LP acquired a new stake in shares of Aris Mining during the third quarter worth about $13,361,000. XTX Topco Ltd boosted its stake in shares of Aris Mining by 42.6% during the third quarter. XTX Topco Ltd now owns 157,376 shares of the company’s stock worth $1,542,000 after buying an additional 46,991 shares during the period. Finally, Voleon Capital Management LP purchased a new position in shares of Aris Mining during the third quarter worth about $126,000. Hedge funds and other institutional investors own 35.81% of the company’s stock.

About Aris Mining

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.