TD Asset Management Inc Purchases 374,906 Shares of Aris Mining Co. $ARMN

TD Asset Management Inc raised its position in shares of Aris Mining Co. (NYSE:ARMN) by 200.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 562,363 shares of the company’s stock after buying an additional 374,906 shares during the quarter. TD Asset Management Inc owned about 0.28% of Aris Mining worth $5,513,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Gamco Investors INC. ET AL bought a new position in shares of Aris Mining in the 2nd quarter worth about $121,000. Public Sector Pension Investment Board bought a new position in shares of Aris Mining during the third quarter valued at approximately $148,000. Verde Servicos Internacionais S.A. purchased a new position in shares of Aris Mining during the third quarter valued at approximately $196,000. Baader Bank Aktiengesellschaft bought a new stake in shares of Aris Mining in the 3rd quarter worth approximately $201,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Aris Mining in the 2nd quarter worth approximately $214,000. 35.81% of the stock is owned by hedge funds and other institutional investors.

Aris Mining Stock Up 3.9%

ARMN stock opened at $19.26 on Wednesday. The stock has a market capitalization of $3.96 billion, a P/E ratio of -963.05 and a beta of -0.55. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.45 and a quick ratio of 1.13. Aris Mining Co. has a 1-year low of $3.57 and a 1-year high of $21.98. The business has a fifty day moving average price of $18.40 and a 200-day moving average price of $13.53.

Analyst Ratings Changes

Several equities research analysts have commented on ARMN shares. BMO Capital Markets reissued an “outperform” rating on shares of Aris Mining in a report on Friday, January 23rd. Zacks Research upgraded shares of Aris Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $17.00.

Aris Mining Company 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.