Shares of Aris Mining Co. (NYSE:ARMN - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $7.08 and last traded at $7.05, with a volume of 509882 shares changing hands. The stock had previously closed at $6.98.
Wall Street Analyst Weigh In
Separately, National Bankshares restated an "outperform" rating on shares of Aris Mining in a report on Tuesday, June 24th.
View Our Latest Stock Report on Aris Mining
Aris Mining Price Performance
The firm has a fifty day moving average of $6.36 and a two-hundred day moving average of $4.95. The company has a market capitalization of $1.30 billion, a PE ratio of -358.00 and a beta of -0.34. The company has a current ratio of 1.45, a quick ratio of 1.13 and a debt-to-equity ratio of 0.32.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its position in Aris Mining by 31.0% during 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Aris Mining by 96.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 521,597 shares of the company's stock valued at $2,410,000 after purchasing an additional 256,022 shares during the last quarter. PDT Partners LLC bought a new position in Aris Mining during the 1st quarter valued at approximately $618,000. Sprott Inc. raised its position in shares of Aris Mining by 27.4% in the 1st quarter. Sprott Inc. now owns 52,134 shares of the company's stock worth $242,000 after acquiring an additional 11,210 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Aris Mining in the 1st quarter worth approximately $76,000. 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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