Ruffer LLP Sells 1,124,520 Shares of Aris Mining Co. $ARMN

Ruffer LLP decreased its position in shares of Aris Mining Co. (NYSE:ARMN) by 21.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,114,728 shares of the company’s stock after selling 1,124,520 shares during the quarter. Aris Mining makes up approximately 2.2% of Ruffer LLP’s portfolio, making the stock its 15th largest position. Ruffer LLP’s holdings in Aris Mining were worth $40,336,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Hillsdale Investment Management Inc. acquired a new stake in Aris Mining in the 2nd quarter worth about $32,173,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Aris Mining by 11.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,348,750 shares of the company’s stock valued at $22,565,000 after buying an additional 349,500 shares during the period. Amundi grew its position in Aris Mining by 3,670.1% during the second quarter. Amundi now owns 1,885,031 shares of the company’s stock worth $12,969,000 after buying an additional 1,835,031 shares in the last quarter. JPMorgan Chase & Co. grew its position in Aris Mining by 41,257.3% during the second quarter. JPMorgan Chase & Co. now owns 1,815,998 shares of the company’s stock worth $12,204,000 after buying an additional 1,811,607 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in Aris Mining during the 2nd quarter worth $11,203,000. Institutional investors own 35.81% of the company’s stock.

Analyst Ratings Changes

ARMN has been the topic of several analyst reports. National Bankshares reissued an “outperform” rating on shares of Aris Mining in a report on Monday, November 3rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Aris Mining in a report on Friday, January 23rd. Finally, Zacks Research cut shares of Aris Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $17.00.

Aris Mining Stock Up 2.2%

ARMN stock opened at $21.41 on Thursday. The firm has a 50-day moving average price of $16.19 and a 200-day moving average price of $11.50. Aris Mining Co. has a 12 month low of $3.57 and a 12 month high of $21.47. The company has a current ratio of 1.45, a quick ratio of 1.13 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $4.40 billion, a P/E ratio of -1,070.50 and a beta of -0.55.

Aris Mining 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.