Aris Mining Co. $ARMN Shares Bought by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its holdings in Aris Mining Co. by 37.4%, owning approximately 1.37 million shares valued at $6.32 million as of its latest SEC filing.
• Institutional investors collectively own 35.81% of Aris Mining's stock, with several firms acquiring new stakes valued between $86,000 to $234,000.
• Analysts have mixed sentiments on the stock, with Zacks Research downgrading it to a "strong sell" while National Bankshares maintains an "outperform" rating.

American Century Companies Inc. raised its position in Aris Mining Co. (NYSE:ARMN - Free Report) by 37.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,366,667 shares of the company's stock after acquiring an additional 371,834 shares during the period. American Century Companies Inc. owned approximately 0.80% of Aris Mining worth $6,316,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Orion Resource Partners LP acquired a new stake in Aris Mining in the fourth quarter valued at approximately $86,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Aris Mining in the first quarter valued at approximately $116,000. Virtu Financial LLC purchased a new position in shares of Aris Mining in the first quarter worth $117,000. Raymond James Financial Inc. purchased a new position in shares of Aris Mining in the fourth quarter worth $128,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Aris Mining in the fourth quarter worth $234,000. 35.81% of the stock is currently owned by institutional investors and hedge funds.

Aris Mining Trading Up 0.7%

Shares of Aris Mining stock opened at $8.20 on Friday. 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 firm has a fifty day moving average price of $7.14 and a 200 day moving average price of $5.87. Aris Mining Co. has a 1 year low of $3.29 and a 1 year high of $8.30. The stock has a market cap of $1.66 billion, a PE ratio of -410.00 and a beta of -0.34.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Zacks Research cut shares of Aris Mining from a "strong-buy" rating to a "strong sell" rating in a report on Thursday, August 21st. National Bankshares reaffirmed an "outperform" rating on shares of Aris Mining in a report on Wednesday, July 16th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold".

About Aris Mining

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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