Ruffer LLP Has $40.34 Million Holdings in Aris Mining Co. $ARMN

Ruffer LLP decreased its holdings in shares of Aris Mining Co. (NYSE:ARMN) by 21.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,114,728 shares of the company’s stock after selling 1,124,520 shares during the quarter. Aris Mining makes up about 2.2% of Ruffer LLP’s investment portfolio, making the stock its 15th biggest holding. Ruffer LLP owned 2.03% of Aris Mining worth $40,336,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GWN Securities Inc. acquired a new position in shares of Aris Mining during the 2nd quarter worth about $76,000. Vanguard Personalized Indexing Management LLC boosted its position in 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 last quarter. Gamco Investors INC. ET AL bought a new position in Aris Mining in the second quarter valued at approximately $121,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Aris Mining during the 2nd quarter worth approximately $214,000. Finally, Synergy Asset Management LLC acquired a new stake in shares of Aris Mining in the 3rd quarter valued at approximately $291,000. 35.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the stock. BMO Capital Markets reiterated an “outperform” rating on shares of Aris Mining in a research note on Friday, January 23rd. Zacks Research downgraded shares of Aris Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Finally, National Bankshares reissued an “outperform” rating on shares of Aris Mining in a research report on Monday, November 3rd. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Aris Mining presently has an average rating of “Moderate Buy” and an average price target of $17.00.

Aris Mining Stock Performance

NYSE ARMN opened at $21.41 on Thursday. The stock has a market cap of $4.40 billion, a PE ratio of -1,070.50 and a beta of -0.55. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.13 and a current ratio of 1.45. The firm has a 50-day moving average of $16.19 and a 200-day moving average of $11.50. Aris Mining Co. has a 52-week low of $3.57 and a 52-week high of $21.47.

Aris Mining 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.