Aris Mining Co. (NYSE:ARMN) Short Interest Update

Aris Mining Co. (NYSE:ARMN) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 2,150,000 shares, an increase of 46.3% from the September 30th total of 1,470,000 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 1,740,000 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily trading volume, of 1,740,000 shares, the days-to-cover ratio is presently 1.2 days. Approximately 1.2% of the shares of the company are sold short.

Aris Mining Price Performance

ARMN stock opened at $9.88 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.45 and a debt-to-equity ratio of 0.32. Aris Mining has a 12 month low of $3.29 and a 12 month high of $11.24. The firm has a market cap of $2.00 billion, a P/E ratio of -494.00 and a beta of -0.30. The company’s 50-day moving average price is $9.61 and its two-hundred day moving average price is $7.64.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ARMN. BMO Capital Markets restated an “outperform” rating on shares of Aris Mining in a research note on Thursday. National Bankshares restated an “outperform” rating on shares of Aris Mining in a research note on Monday, September 8th. Zacks Research upgraded shares of Aris Mining from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Finally, Canaccord Genuity Group raised their target price on shares of Aris Mining from $16.50 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, September 4th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.00.

Hedge Funds Weigh In On Aris Mining

Hedge funds have recently bought and sold shares of the company. GWN Securities Inc. bought a new position in Aris Mining in the 2nd quarter valued at about $76,000. Vanguard Personalized Indexing Management LLC increased its holdings in Aris Mining by 16.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 12,303 shares of the company’s stock valued at $83,000 after buying an additional 1,780 shares during the period. Quantbot Technologies LP bought a new position in Aris Mining in the 1st quarter valued at about $76,000. Gamco Investors INC. ET AL bought a new position in Aris Mining in the 2nd quarter valued at about $121,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in Aris Mining in the 1st quarter valued at about $116,000. 35.81% of the stock is owned by institutional investors.

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.