Edmond DE Rothschild Holding S.A. Invests $929,000 in Aris Mining Co. $ARMN

Edmond DE Rothschild Holding S.A. bought a new stake in Aris Mining Co. (NYSE:ARMN) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 138,519 shares of the company’s stock, valued at approximately $929,000. Edmond DE Rothschild Holding S.A. owned about 0.07% of Aris Mining at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ARMN. Goldman Sachs Group Inc. raised its position in Aris Mining by 31.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 706,876 shares of the company’s stock valued at $3,280,000 after purchasing an additional 167,212 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of Aris Mining during the second quarter worth $32,173,000. Farther Finance Advisors LLC bought a new stake in shares of Aris Mining during the second quarter worth $370,000. U S Global Investors Inc. acquired a new stake in shares of Aris Mining in the second quarter valued at $1,685,000. Finally, Charles Schwab Investment Management Inc. bought a new position in shares of Aris Mining in the first quarter valued at about $284,000. 35.81% of the stock is currently owned by institutional investors.

Aris Mining Trading Up 6.9%

ARMN opened at $14.02 on Thursday. The firm has a 50 day simple moving average of $10.43 and a 200 day simple moving average of $8.35. Aris Mining Co. has a fifty-two week low of $3.29 and a fifty-two week high of $14.03. The company has a market cap of $2.84 billion, a price-to-earnings ratio of -701.00 and a beta of -0.31. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.45 and a quick ratio of 1.13.

Analyst Ratings Changes

ARMN has been the topic of a number of research analyst reports. BMO Capital Markets reissued an “outperform” rating on shares of Aris Mining in a report on Thursday, October 30th. Canaccord Genuity Group increased their price target on shares of Aris Mining from $16.50 to $17.00 and gave the company a “buy” rating in a research note on Thursday, September 4th. National Bankshares restated an “outperform” rating on shares of Aris Mining in a research report on Monday, November 3rd. Finally, Zacks Research raised Aris Mining from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average 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.