Van ECK Associates Corp Lowers Stock Holdings in Aris Mining Co. $ARMN

Van ECK Associates Corp decreased its holdings in shares of Aris Mining Co. (NYSE:ARMN) by 46.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,098,422 shares of the company’s stock after selling 5,251,518 shares during the period. Van ECK Associates Corp owned approximately 3.01% of Aris Mining worth $59,764,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ARMN. MMCAP International Inc. SPC increased its position in shares of Aris Mining by 45.1% in the third quarter. MMCAP International Inc. SPC now owns 16,436,882 shares of the company’s stock worth $161,109,000 after purchasing an additional 5,112,295 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new position in Aris Mining in the 2nd quarter worth approximately $32,173,000. Amundi increased its holdings in shares of Aris Mining by 3,670.1% in the 2nd quarter. Amundi now owns 1,885,031 shares of the company’s stock worth $12,969,000 after buying an additional 1,835,031 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Aris Mining by 41,257.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,815,998 shares of the company’s stock valued at $12,204,000 after buying an additional 1,811,607 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Aris Mining during the 2nd quarter worth $11,203,000. Hedge funds and other institutional investors own 35.81% of the company’s stock.

Aris Mining Stock Up 3.9%

Shares of NYSE ARMN opened at $19.26 on Wednesday. The firm’s fifty day moving average is $18.68 and its 200 day moving average is $13.96. Aris Mining Co. has a 52 week low of $3.57 and a 52 week high of $21.98. 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 market cap of $3.96 billion, a price-to-earnings ratio of -963.05 and a beta of -0.55.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Zacks Research upgraded Aris Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. BMO Capital Markets reissued an “outperform” rating on shares of Aris Mining in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat.com, Aris Mining currently has a consensus rating of “Buy” and an average price target 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.