Goldman Sachs Group Inc. increased its stake in Aris Mining Co. (NYSE:ARMN - Free Report) by 31.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 706,876 shares of the company's stock after purchasing an additional 167,212 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.39% of Aris Mining worth $3,280,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Invesco Ltd. grew its stake in Aris Mining by 4.8% in the 1st quarter. Invesco Ltd. now owns 6,901,062 shares of the company's stock valued at $32,021,000 after buying an additional 319,110 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Aris Mining by 21.5% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,999,250 shares of the company's stock valued at $13,862,000 after buying an additional 530,750 shares in the last quarter. Deutsche Bank AG grew its stake in Aris Mining by 28.8% in the 1st quarter. Deutsche Bank AG now owns 1,401,597 shares of the company's stock valued at $6,503,000 after buying an additional 312,981 shares in the last quarter. American Century Companies Inc. grew its stake in Aris Mining by 37.4% in the 1st quarter. American Century Companies Inc. now owns 1,366,667 shares of the company's stock valued at $6,316,000 after buying an additional 371,834 shares in the last quarter. Finally, Alberta Investment Management Corp grew its stake in Aris Mining by 6.4% in the 1st quarter. Alberta Investment Management Corp now owns 1,102,664 shares of the company's stock valued at $5,095,000 after buying an additional 66,614 shares in the last quarter. Institutional investors own 35.81% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on ARMN. BMO Capital Markets reiterated an "outperform" rating on shares of Aris Mining in a research note on Thursday, September 4th. Canaccord Genuity Group boosted 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. 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. Finally, National Bankshares restated an "outperform" rating on shares of Aris Mining in a research report on Monday, September 8th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Aris Mining presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.00.
Get Our Latest Research Report on Aris Mining
Aris Mining Stock Down 3.6%
Shares of NYSE:ARMN opened at $9.19 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.13 and a current ratio of 1.45. The firm has a market capitalization of $1.86 billion, a PE ratio of -459.50 and a beta of -0.34. The firm has a fifty day moving average of $7.87 and a 200 day moving average of $6.42. Aris Mining Co. has a 52-week low of $3.29 and a 52-week high of $9.95.
Aris Mining Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding ARMN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aris Mining Co. (NYSE:ARMN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Aris Mining, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Aris Mining wasn't on the list.
While Aris Mining currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.