Farther Finance Advisors LLC Purchases New Shares in Aris Mining Co. $ARMN

Key Points

• Farther Finance Advisors LLC has acquired 55,000 shares of Aris Mining Co. valued at approximately $370,000, reflecting growing institutional interest in the company.
• Analysts have set a new price target for Aris Mining at $17.00, with a consensus rating of "Moderate Buy," although one firm downgraded the stock to "strong sell."
• As of the latest data, shares of Aris Mining opened at $9.65, with a market capitalization of approximately $1.95 billion.

Farther Finance Advisors LLC acquired a new position in Aris Mining Co. (NYSE:ARMN - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 55,000 shares of the company's stock, valued at approximately $370,000.

Other large investors have also recently modified their holdings of the company. Cetera Investment Advisers raised its stake in Aris Mining by 3.1% in the first quarter. Cetera Investment Advisers now owns 86,079 shares of the company's stock worth $398,000 after buying an additional 2,571 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of Aris Mining by 4.2% during the 4th quarter. Mackenzie Financial Corp now owns 70,009 shares of the company's stock worth $245,000 after acquiring an additional 2,790 shares during the period. TD Asset Management Inc grew its holdings in shares of Aris Mining by 3.0% during the 1st quarter. TD Asset Management Inc now owns 163,437 shares of the company's stock worth $755,000 after acquiring an additional 4,717 shares during the period. Sprott Inc. raised its position in shares of Aris Mining by 27.4% in the 1st quarter. Sprott Inc. now owns 52,134 shares of the company's stock worth $242,000 after acquiring an additional 11,210 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Aris Mining in the 1st quarter valued at approximately $76,000. Institutional investors own 35.81% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on ARMN. Canaccord Genuity Group upped their price target on Aris Mining from $16.50 to $17.00 and gave the stock a "buy" rating in a research note on Thursday, September 4th. BMO Capital Markets restated an "outperform" rating on shares of Aris Mining in a report on Thursday, September 4th. National Bankshares reiterated an "outperform" rating on shares of Aris Mining in a research note on Monday, September 8th. Finally, Zacks Research cut shares of Aris Mining from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, August 21st. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $17.00.

Aris Mining Stock Up 2.8%

Shares of NYSE:ARMN opened at $9.65 on Monday. 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 stock has a fifty day simple moving average of $8.17 and a two-hundred day simple moving average of $6.69. Aris Mining Co. has a 12-month low of $3.29 and a 12-month high of $10.07. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of -482.50 and a beta of -0.34.

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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