Artisan Partners Limited Partnership Has $7.63 Million Stock Position in Aris Mining Co. $ARMN

Artisan Partners Limited Partnership cut its stake in shares of Aris Mining Co. (NYSE:ARMN) by 29.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 778,540 shares of the company’s stock after selling 329,267 shares during the period. Artisan Partners Limited Partnership owned about 0.38% of Aris Mining worth $7,630,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ARMN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Aris Mining by 96.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 521,597 shares of the company’s stock worth $2,410,000 after acquiring an additional 256,022 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Aris Mining by 31.0% during the first quarter. Goldman Sachs Group Inc. now owns 706,876 shares of the company’s stock valued at $3,280,000 after purchasing an additional 167,212 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Aris Mining by 12.2% during the second quarter. Bank of Montreal Can now owns 147,364 shares of the company’s stock worth $993,000 after purchasing an additional 16,059 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Aris Mining by 11.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,348,750 shares of the company’s stock valued at $22,565,000 after buying an additional 349,500 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Aris Mining by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 89,102 shares of the company’s stock valued at $599,000 after buying an additional 2,617 shares during the last quarter. 35.81% of the stock is currently owned by institutional investors.

Aris Mining Stock Performance

NYSE:ARMN opened at $19.26 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.13 and a current ratio of 1.45. Aris Mining Co. has a fifty-two week low of $3.57 and a fifty-two week high of $21.98. The company has a 50 day simple moving average of $18.29 and a two-hundred day simple moving average of $13.31. The company has a market capitalization of $3.96 billion, a PE ratio of -963.05 and a beta of -0.55.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ARMN shares. Zacks Research upgraded shares of Aris Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. National Bank Financial reaffirmed an “outperform” rating on shares of Aris Mining in a research note on Monday, November 3rd. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Aris Mining in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to MarketBeat.com, Aris Mining presently has a consensus rating of “Buy” and an average price target of $17.00.

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.