Sheets Smith Wealth Management Makes New $565,000 Investment in Aris Mining Co. $ARMN

Sheets Smith Wealth Management acquired a new stake in shares of Aris Mining Co. (NYSE:ARMN) during the third quarter, Holdings Channel reports. The fund acquired 57,671 shares of the company’s stock, valued at approximately $565,000.

Several other large investors have also recently modified their holdings of the stock. Quantbot Technologies LP purchased a new stake in Aris Mining during the 1st quarter valued at about $76,000. GWN Securities Inc. bought a new stake in Aris Mining in the second quarter valued at approximately $76,000. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Aris Mining by 16.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 12,303 shares of the company’s stock valued at $83,000 after purchasing an additional 1,780 shares during the period. Gamco Investors INC. ET AL bought a new position in shares of Aris Mining in the second quarter worth approximately $121,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Aris Mining in the second quarter worth $214,000. Hedge funds and other institutional investors own 35.81% of the company’s stock.

Aris Mining Trading Up 3.0%

NYSE:ARMN opened at $16.81 on Friday. The company has a 50-day moving average price of $12.65 and a 200-day moving average price of $9.69. Aris Mining Co. has a 12 month low of $3.29 and a 12 month high of $16.99. The company has a current ratio of 1.45, a quick ratio of 1.13 and a debt-to-equity ratio of 0.32. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of -840.50 and a beta of -0.51.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ARMN. BMO Capital Markets reissued an “outperform” rating on shares of Aris Mining in a research report on Thursday, October 30th. National Bankshares reaffirmed an “outperform” rating on shares of Aris Mining in a research note on Monday, November 3rd. Zacks Research raised Aris Mining from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 10th. Finally, Canaccord Genuity Group boosted their price target on Aris Mining from $16.50 to $17.00 and gave the company a “buy” rating in a report on Thursday, September 4th. One 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, the stock presently has a consensus rating of “Buy” and a consensus target price 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.