Charles Schwab Investment Management Inc. Acquires Shares of 61,534 Aris Mining Co. $ARMN

Key Points

• Charles Schwab Investment Management Inc. has purchased a new position in Aris Mining Co. (NYSE:ARMN), acquiring 61,534 shares valued at approximately $284,000.
• Several institutional investors have also increased their stakes in Aris Mining, with MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. investing around $931,000 in the fourth quarter alone.
• As of the latest trading, Aris Mining shares have increased by 4.0%, with a current market cap of $1.84 billion and a consensus rating of "Hold" by analysts.

Charles Schwab Investment Management Inc. acquired a new position in Aris Mining Co. (NYSE:ARMN - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 61,534 shares of the company's stock, valued at approximately $284,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ARMN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Aris Mining in the fourth quarter worth $931,000. Deutsche Bank AG increased its stake in shares of Aris Mining by 25.3% in the fourth quarter. Deutsche Bank AG now owns 1,088,616 shares of the company's stock worth $3,810,000 after acquiring an additional 219,810 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Aris Mining in the fourth quarter worth $234,000. Alberta Investment Management Corp increased its stake in shares of Aris Mining by 6.4% in the first quarter. Alberta Investment Management Corp now owns 1,102,664 shares of the company's stock worth $5,095,000 after acquiring an additional 66,614 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Aris Mining in the fourth quarter worth $128,000. Institutional investors and hedge funds own 35.81% of the company's stock.

Aris Mining Price Performance

ARMN traded up $0.16 during midday trading on Tuesday, hitting $9.38. 1,867,959 shares of the company traded hands, compared to its average volume of 1,139,770. 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 capitalization of $1.90 billion, a price-to-earnings ratio of -469.00 and a beta of -0.34. Aris Mining Co. has a 52-week low of $3.29 and a 52-week high of $9.58. The business has a 50 day simple moving average of $7.50 and a two-hundred day simple moving average of $6.15.

Analyst Ratings Changes

A number of research firms have recently weighed in on ARMN. National Bankshares reiterated an "outperform" rating on shares of Aris Mining in a research note on Monday. Canaccord Genuity Group raised their price target on shares of Aris Mining from $16.50 to $17.00 and gave the company a "buy" rating in a research report on Thursday, September 4th. BMO Capital Markets restated an "outperform" rating on shares of Aris Mining in a research report on Thursday, September 4th. Finally, Zacks Research lowered shares of Aris Mining from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, August 21st. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $17.00.

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.