Shares of Aris Mining Co. (NYSE:ARMN - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company 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 reaffirmed an "outperform" rating on shares of Aris Mining in a research note on Wednesday, July 16th.
View Our Latest Stock Report on Aris Mining
Aris Mining Stock Up 3.6%
The firm has a market cap of $1.47 billion, a PE ratio of -385.50 and a beta of -0.34. 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 company's 50-day simple moving average is $6.89 and its two-hundred day simple moving average is $5.44.
Institutional Trading of Aris Mining
Institutional investors and hedge funds have recently bought and sold shares of the company. GWN Securities Inc. purchased a new position in shares of Aris Mining in the second quarter worth approximately $76,000. Vanguard Personalized Indexing Management LLC lifted its holdings 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 purchasing an additional 1,780 shares in the last quarter. Quantbot Technologies LP purchased a new position in Aris Mining during the first quarter valued at approximately $76,000. Orion Resource Partners LP purchased a new position in Aris Mining during the fourth quarter valued at approximately $86,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in Aris Mining during the first quarter valued at approximately $116,000. 35.81% of the stock is currently owned by institutional investors.
Aris Mining Company Profile
(
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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