Zacks Research Upgrades Aris Mining (NYSE:ARMN) to “Strong-Buy”

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

A number of other brokerages have also recently issued reports on ARMN. National Bankshares reiterated an “outperform” rating on shares of Aris Mining in a research note on Monday, November 3rd. BMO Capital Markets restated an “outperform” rating on shares of Aris Mining in a research report on Friday, January 23rd. One 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 MarketBeat.com, Aris Mining has a consensus rating of “Buy” and a consensus target price of $17.00.

Aris Mining Stock Down 4.4%

Shares of Aris Mining stock opened at $20.47 on Wednesday. Aris Mining has a 12-month low of $3.57 and a 12-month high of $21.98. The company has a market cap of $4.21 billion, a P/E ratio of -1,023.50 and a beta of -0.55. The company’s fifty day simple moving average is $16.37 and its two-hundred day simple moving average is $11.56. The company has a current ratio of 1.45, a quick ratio of 1.13 and a debt-to-equity ratio of 0.32.

Hedge Funds Weigh In On Aris Mining

Large investors have recently added to or reduced their stakes in the company. GWN Securities Inc. bought a new position in Aris Mining in the 2nd quarter worth $76,000. Vanguard Personalized Indexing Management LLC lifted its position 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 acquiring an additional 1,780 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Aris Mining in the third quarter worth about $93,000. Insigneo Advisory Services LLC bought a new position in shares of Aris Mining during the 3rd quarter valued at about $98,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA grew its position in shares of Aris Mining by 51.3% during the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 11,800 shares of the company’s stock valued at $116,000 after purchasing an additional 4,000 shares in the last quarter. Hedge funds and other 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.