Invesco Ltd. Purchases 319,110 Shares of Aris Mining Co. $ARMN

Key Points

• Invesco Ltd. has increased its stake in Aris Mining Co. by 4.8%, now owning approximately 6.9 million shares valued at $32 million.
• Aris Mining's shares have recently decreased by 2.9%, with current pricing around $6.74 and a market capitalization of $1.36 billion.
• Analysts have rated Aris Mining stock as a Buy, with one analyst maintaining an "outperform" rating as of July 16th.

Invesco Ltd. increased its stake in Aris Mining Co. (NYSE:ARMN - Free Report) by 4.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,901,062 shares of the company's stock after purchasing an additional 319,110 shares during the quarter. Invesco Ltd. owned approximately 4.02% of Aris Mining worth $32,021,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ARMN. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of 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 worth $13,862,000 after purchasing an additional 530,750 shares during the period. Deutsche Bank AG raised its holdings in shares of Aris Mining by 28.8% in the 1st quarter. Deutsche Bank AG now owns 1,401,597 shares of the company's stock worth $6,503,000 after purchasing an additional 312,981 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Aris Mining in the 4th quarter worth approximately $931,000. Public Employees Retirement System of Ohio bought a new stake in shares of Aris Mining in the 4th quarter worth approximately $234,000. Finally, Alberta Investment Management Corp raised its holdings in shares of Aris Mining by 6.4% in the 1st quarter. Alberta Investment Management Corp now owns 1,102,664 shares of the company's stock worth $5,095,000 after purchasing an additional 66,614 shares during the period. Institutional investors own 35.81% of the company's stock.

Aris Mining Price Performance

Shares of Aris Mining stock traded up $0.23 on Monday, reaching $7.34. The stock had a trading volume of 1,398,448 shares, compared to its average volume of 1,070,214. Aris Mining Co. has a 1 year low of $3.29 and a 1 year high of $8.18. The company has a market cap of $1.49 billion, a P/E ratio of -367.00 and a beta of -0.34. 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 business's 50 day moving average is $7.07 and its two-hundred day moving average is $5.81.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ARMN shares. National Bankshares reaffirmed an "outperform" rating on shares of Aris Mining in a report on Wednesday, July 16th. Zacks Research cut shares of Aris Mining from a "strong-buy" rating to a "strong sell" rating in a report on Thursday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Aris Mining 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.