Invesco Ltd. Buys 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% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,901,062 shares of the company's stock after purchasing an additional 319,110 shares during the period. Invesco Ltd. owned 4.02% of Aris Mining worth $32,021,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Orion Resource Partners LP acquired a new stake in Aris Mining during the 4th quarter worth $86,000. TD Waterhouse Canada Inc. grew its holdings in Aris Mining by 210,416.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 25,262 shares of the company's stock worth $86,000 after acquiring an additional 25,250 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in Aris Mining during the 1st quarter worth $116,000. Raymond James Financial Inc. acquired a new position in shares of Aris Mining in the 4th quarter valued at $128,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Aris Mining in the 4th quarter valued at $234,000. Institutional investors own 35.81% of the company's stock.

Wall Street Analyst Weigh In

Separately, National Bankshares reaffirmed an "outperform" rating on shares of Aris Mining in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy".

Aris Mining Price Performance

Shares of NYSE ARMN traded up $0.08 during trading hours on Friday, hitting $7.11. 2,033,509 shares of the stock were exchanged, compared to its average volume of 1,068,164. 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 company has a market cap of $1.44 billion, a PE ratio of -355.50 and a beta of -0.34. The company's fifty day simple moving average is $7.05 and its two-hundred day simple moving average is $5.74. Aris Mining Co. has a 1-year low of $3.29 and a 1-year high of $8.18.

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.