Hillsdale Investment Management Inc. Sells 710,585 Shares of Aris Mining Co. $ARMN

Hillsdale Investment Management Inc. lessened its holdings in shares of Aris Mining Co. (NYSE:ARMN) by 14.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,063,578 shares of the company’s stock after selling 710,585 shares during the quarter. Aris Mining comprises approximately 1.2% of Hillsdale Investment Management Inc.’s portfolio, making the stock its 15th biggest holding. Hillsdale Investment Management Inc. owned 2.01% of Aris Mining worth $39,817,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Sheets Smith Investment Management purchased a new stake in shares of Aris Mining during the third quarter worth $1,351,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Aris Mining in the third quarter valued at $1,783,000. Northwest & Ethical Investments L.P. bought a new stake in shares of Aris Mining during the 2nd quarter valued at $878,000. CIBC Asset Management Inc purchased a new stake in Aris Mining during the 3rd quarter worth about $1,648,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Aris Mining during the 2nd quarter worth about $11,203,000. Hedge funds and other institutional investors own 35.81% of the company’s stock.

Aris Mining Stock Performance

Shares of ARMN opened at $19.26 on Friday. Aris Mining Co. has a 12-month low of $3.57 and a 12-month high of $21.98. 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 company has a market cap of $3.96 billion, a PE ratio of -963.05 and a beta of -0.55. The stock has a 50-day moving average price of $17.93 and a 200-day moving average price of $12.86.

Analysts Set New Price Targets

A number of research analysts have weighed in on ARMN shares. Zacks Research raised Aris Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. BMO Capital Markets restated an “outperform” rating on shares of Aris Mining in a research report on Friday, January 23rd. Finally, National Bank Financial reaffirmed an “outperform” rating on shares of Aris Mining in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat, Aris Mining currently has an average rating of “Buy” and a consensus price target of $17.00.

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.