Aris Mining (NYSE:ARMN) Sets New 1-Year High – Should You Buy?

Aris Mining Co. (NYSE:ARMN) hit a new 52-week high during trading on Tuesday . The company traded as high as $19.04 and last traded at $19.0290, with a volume of 215886 shares trading hands. The stock had previously closed at $18.10.

Wall Street Analysts Forecast Growth

ARMN has been the topic of a number of recent research reports. National Bankshares reaffirmed an “outperform” rating on shares of Aris Mining in a report on Monday, November 3rd. BMO Capital Markets restated an “outperform” rating on shares of Aris Mining in a research report on Thursday, October 30th. Finally, Zacks Research cut Aris Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $17.00.

Aris Mining Trading Up 1.8%

The business’s 50 day simple moving average is $15.28 and its 200-day simple moving average is $11.03. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.45 and a quick ratio of 1.13. The stock has a market capitalization of $4.01 billion, a P/E ratio of -981.50 and a beta of -0.55.

Institutional Investors Weigh In On Aris Mining

Several large investors have recently made changes to their positions in the stock. GWN Securities Inc. acquired a new stake in Aris Mining in the 2nd quarter valued at $76,000. Vanguard Personalized Indexing Management LLC increased its position in shares of Aris Mining by 16.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 12,303 shares of the company’s stock valued at $83,000 after acquiring an additional 1,780 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in Aris Mining during the third quarter valued at approximately $93,000. Insigneo Advisory Services LLC acquired a new position in Aris Mining during the third quarter valued at approximately $98,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake in Aris Mining by 51.3% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 11,800 shares of the company’s stock valued at $116,000 after purchasing an additional 4,000 shares in the last quarter. Institutional investors own 35.81% of the company’s stock.

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.