Artisan Partners Limited Partnership Sells 189,272 Shares of Aris Mining Co. $ARMN

Artisan Partners Limited Partnership decreased its holdings in shares of Aris Mining Co. (NYSE:ARMN - Free Report) by 14.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,107,807 shares of the company's stock after selling 189,272 shares during the period. Artisan Partners Limited Partnership owned approximately 0.55% of Aris Mining worth $7,444,000 at the end of the most recent reporting period.

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Several other hedge funds have also recently bought and sold shares of ARMN. Quantbot Technologies LP acquired a new stake in shares of Aris Mining in the 1st quarter valued at approximately $76,000. GWN Securities Inc. acquired a new stake in shares of Aris Mining in the 2nd quarter valued at $76,000. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Aris Mining by 16.9% during the 2nd 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. Virtu Financial LLC acquired a new stake in shares of Aris Mining during the first quarter valued at about $117,000. Finally, Sprott Inc. grew its stake in shares of Aris Mining by 27.4% in the first quarter. Sprott Inc. now owns 52,134 shares of the company's stock worth $242,000 after purchasing an additional 11,210 shares during the last quarter. 35.81% of the stock is currently owned by institutional investors and hedge funds.

Aris Mining Trading Up 2.4%

NYSE:ARMN opened at $11.63 on Friday. The firm has a market capitalization of $2.36 billion, a P/E ratio of -581.50 and a beta of -0.31. Aris Mining Co. has a 52 week low of $3.29 and a 52 week high of $12.17. The company has a quick ratio of 1.13, a current ratio of 1.45 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average of $10.21 and a 200 day moving average of $8.18.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ARMN shares. National Bankshares reissued an "outperform" rating on shares of Aris Mining in a research note on Monday, November 3rd. BMO Capital Markets reiterated an "outperform" rating on shares of Aris Mining in a research note on Thursday, October 30th. Canaccord Genuity Group raised their target price on Aris Mining from $16.50 to $17.00 and gave the stock a "buy" rating in a research report on Thursday, September 4th. Finally, Zacks Research raised Aris Mining from a "hold" rating to a "strong-buy" rating in a report on Monday, November 10th. One equities 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 data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $17.00.

View Our Latest Research Report on Aris Mining

Aris Mining 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.

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