50,000 Shares in Aris Mining Co. $ARMN Purchased by LGT Fund Management Co Ltd.

LGT Fund Management Co Ltd. acquired a new stake in Aris Mining Co. (NYSE:ARMN) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 50,000 shares of the company’s stock, valued at approximately $508,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Insigneo Advisory Services LLC purchased a new stake in shares of Aris Mining in the third quarter valued at about $98,000. Gamco Investors INC. ET AL purchased a new position in shares of Aris Mining during the 2nd quarter worth approximately $121,000. Public Sector Pension Investment Board acquired a new position in shares of Aris Mining during the 3rd quarter worth approximately $148,000. Verde Servicos Internacionais S.A. acquired a new position in shares of Aris Mining during the 3rd quarter worth approximately $196,000. Finally, Baader Bank Aktiengesellschaft purchased a new stake in Aris Mining in the 3rd quarter valued at approximately $201,000. Institutional investors and hedge funds own 35.81% of the company’s stock.

Analyst Upgrades and Downgrades

ARMN has been the subject of several recent research reports. Zacks Research raised Aris Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. BMO Capital Markets restated an “outperform” rating on shares of Aris Mining in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $17.00.

Aris Mining Stock Performance

Shares of NYSE ARMN opened at $19.26 on Tuesday. The company has a 50-day simple moving average of $18.62 and a 200-day simple moving average of $13.88. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.45 and a quick ratio of 1.13. The company has a market cap of $3.96 billion, a PE ratio of -963.05 and a beta of -0.55. Aris Mining Co. has a 12 month low of $3.57 and a 12 month high of $21.98.

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.