Invesco Ltd. boosted its stake in Aris Mining Co. (NYSE:ARMN - Free Report) by 51.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,581,952 shares of the company's stock after purchasing an additional 2,245,775 shares during the quarter. Invesco Ltd. owned approximately 3.85% of Aris Mining worth $23,037,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the company. Jane Street Group LLC grew its holdings in Aris Mining by 55.3% in the 3rd quarter. Jane Street Group LLC now owns 411,553 shares of the company's stock worth $1,908,000 after acquiring an additional 146,580 shares during the last quarter. Geode Capital Management LLC purchased a new position in shares of Aris Mining during the third quarter valued at about $360,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Aris Mining in the 3rd quarter valued at approximately $600,000. LPL Financial LLC lifted its position in Aris Mining by 27.5% during the fourth quarter. LPL Financial LLC now owns 544,596 shares of the company's stock valued at $1,906,000 after buying an additional 117,550 shares during the period. Finally, Sprott Inc. grew its holdings in Aris Mining by 98.4% in the fourth quarter. Sprott Inc. now owns 40,924 shares of the company's stock worth $143,000 after purchasing an additional 20,299 shares during the period. 35.81% of the stock is currently owned by hedge funds and other institutional investors.
Aris Mining Stock Up 1.2 %
Shares of Aris Mining stock traded up $0.07 during midday trading on Thursday, hitting $5.46. The company had a trading volume of 329,592 shares, compared to its average volume of 556,479. The company has a 50 day moving average of $4.49 and a 200 day moving average of $4.17. 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 stock has a market capitalization of $937.44 million, a P/E ratio of -272.75 and a beta of -0.46. Aris Mining Co. has a 52-week low of $3.29 and a 52-week high of $5.74.
About Aris Mining
(
Free Report)
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.
See Also
Before you consider Aris Mining, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Aris Mining wasn't on the list.
While Aris Mining currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
