Aris Mining Co. (NYSE:ARMN - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $7.77 and last traded at $7.74, with a volume of 914314 shares changing hands. The stock had previously closed at $7.44.
Analysts Set New Price Targets
Separately, National Bankshares reiterated an "outperform" rating on shares of Aris Mining in a research note on Wednesday, July 16th.
View Our Latest Research Report on Aris Mining
Aris Mining Price Performance
The business's fifty day simple moving average is $7.00 and its 200-day simple moving average is $5.55. 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 firm has a market cap of $1.42 billion, a P/E ratio of -373.00 and a beta of -0.34.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in ARMN. Quantbot Technologies LP purchased a new stake in Aris Mining during the first quarter valued at about $76,000. GWN Securities Inc. purchased a new stake in Aris Mining during the second quarter valued at about $76,000. Vanguard Personalized Indexing Management LLC boosted its position 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 period. Orion Resource Partners LP purchased a new stake in Aris Mining during the fourth quarter valued at about $86,000. Finally, TD Waterhouse Canada Inc. boosted its position in Aris Mining by 210,416.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 25,262 shares of the company's stock valued at $86,000 after buying an additional 25,250 shares during the period. Institutional investors own 35.81% of the company's stock.
About Aris Mining
(
Get 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.
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