Aris Mining (NYSE:ARMN) Reaches New 52-Week High – Should You Buy?

Shares of Aris Mining Co. (NYSE:ARMN) reached a new 52-week high during trading on Monday . The stock traded as high as $21.33 and last traded at $20.9230, with a volume of 535569 shares changing hands. The stock had previously closed at $20.26.

Analysts Set New Price Targets

Several analysts have weighed in on ARMN shares. Zacks Research downgraded shares of Aris Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. BMO Capital Markets reissued an “outperform” rating on shares of Aris Mining in a research note on Friday. Finally, National Bankshares restated an “outperform” rating on shares of Aris Mining in a report on Monday, November 3rd. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Aris Mining presently has an average rating of “Moderate Buy” and a consensus price target of $17.00.

Aris Mining Price Performance

The stock has a market cap of $4.18 billion, a P/E ratio of -1,020.25 and a beta of -0.55. 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 50-day moving average price of $15.63 and a 200-day moving average price of $11.24.

Institutional Investors Weigh In On Aris Mining

A number of hedge funds and other institutional investors have recently bought and sold shares of ARMN. GWN Securities Inc. bought a new stake in shares of Aris Mining in the 2nd quarter worth approximately $76,000. Vanguard Personalized Indexing Management LLC raised its stake in Aris Mining by 16.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 12,303 shares of the company’s stock valued at $83,000 after buying an additional 1,780 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in Aris Mining in the third quarter worth $93,000. Insigneo Advisory Services LLC purchased a new stake in shares of Aris Mining in the third quarter worth $98,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its holdings in shares of Aris Mining by 51.3% during the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 11,800 shares of the company’s stock valued at $116,000 after acquiring an additional 4,000 shares in the last quarter. Hedge funds and other institutional investors own 35.81% of the company’s stock.

About Aris Mining

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.