FourThought Financial Partners LLC Takes $356,000 Position in Aris Mining Co. $ARMN

FourThought Financial Partners LLC bought a new stake in Aris Mining Co. (NYSE:ARMN) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 36,306 shares of the company’s stock, valued at approximately $356,000.

A number of other institutional investors have also added to or reduced their stakes in ARMN. Banque Cantonale Vaudoise acquired a new stake in Aris Mining in the third quarter valued at approximately $93,000. Insigneo Advisory Services LLC acquired a new position in shares of Aris Mining during the third quarter worth approximately $98,000. Gamco Investors INC. ET AL bought a new position in shares of Aris Mining in the 2nd quarter worth $121,000. Public Sector Pension Investment Board bought a new position in shares of Aris Mining in the 3rd quarter worth $148,000. Finally, Verde Servicos Internacionais S.A. acquired a new stake in Aris Mining in the 3rd quarter valued at $196,000. 35.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ARMN. BMO Capital Markets restated an “outperform” rating on shares of Aris Mining in a research note on Friday, January 23rd. Zacks Research raised shares of Aris Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $17.00.

Aris Mining Stock Performance

Shares of ARMN opened at $19.26 on Thursday. The firm has a market capitalization of $3.96 billion, a P/E ratio of -963.05 and a beta of -0.55. Aris Mining Co. has a 52 week low of $3.57 and a 52 week high of $21.98. The stock has a 50 day moving average price of $18.74 and a two-hundred day moving average price of $14.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.13 and a current ratio of 1.45.

Aris Mining Company Profile

Aris Mining Corp, headquartered in Vancouver, British Columbia, is a mineral exploration and development company focused on advancing a diversified portfolio of precious metal and lithium assets. Listed on the New York Stock Exchange under the ticker ARMN, the company pursues a disciplined strategy of resource definition and project development to deliver value for its shareholders.

The firm’s principal assets include several high-grade gold projects across multiple continents and a strategic lithium property in the United States.