Public Employees Retirement System of Ohio Trims Holdings in Aris Mining Co. $ARMN

Key Points

• Public Employees Retirement System of Ohio reduced its stake in Aris Mining Co. by 33.0%, selling 26,709 shares and holding 54,206 shares valued at $364,000 as of its latest SEC filing.
• Aris Mining's price per share opened at $10.41, with a market cap of $2.11 billion and a fifty-two week low of $3.29.
• Analysts have mixed views on Aris Mining, with ratings ranging from a "strong sell" to a "buy", and a consensus price target of $17.00 has been set by market analysts.

Public Employees Retirement System of Ohio decreased its holdings in Aris Mining Co. (NYSE:ARMN - Free Report) by 33.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,206 shares of the company's stock after selling 26,709 shares during the period. Public Employees Retirement System of Ohio's holdings in Aris Mining were worth $364,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cetera Investment Advisers increased 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 purchasing an additional 2,571 shares during the period. TD Asset Management Inc grew its position 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 buying an additional 4,717 shares in the last quarter. Mackenzie Financial Corp grew its position in shares of Aris Mining by 9.3% during the 1st quarter. Mackenzie Financial Corp now owns 76,546 shares of the company's stock worth $354,000 after buying an additional 6,537 shares in the last quarter. Sprott Inc. grew its position in shares of Aris Mining by 27.4% during the 1st quarter. Sprott Inc. now owns 52,134 shares of the company's stock worth $242,000 after buying an additional 11,210 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Aris Mining during the 1st quarter worth $76,000. Hedge funds and other institutional investors own 35.81% of the company's stock.

Aris Mining Price Performance

Shares of NYSE ARMN opened at $10.41 on Tuesday. 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 $2.11 billion, a PE ratio of -520.50 and a beta of -0.30. The business has a 50-day simple moving average of $8.49 and a two-hundred day simple moving average of $6.92. Aris Mining Co. has a fifty-two week low of $3.29 and a fifty-two week high of $10.52.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Canaccord Genuity Group increased their price target on Aris Mining from $16.50 to $17.00 and gave the stock a "buy" rating in a research report on Thursday, September 4th. BMO Capital Markets reissued an "outperform" rating on shares of Aris Mining in a research report on Thursday, September 4th. Zacks Research downgraded Aris Mining from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, August 21st. Finally, National Bankshares reissued an "outperform" rating on shares of Aris Mining in a research report on Monday, September 8th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently 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.

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