Aris Mining (NYSE:ARMN) Hits New 52-Week High - Time to Buy?

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 trading hands. The stock had previously closed at $6.98.

Wall Street Analysts Forecast Growth

Separately, National Bankshares reiterated an "outperform" rating on shares of Aris Mining in a research report on Tuesday, June 24th.

Aris Mining Price Performance

The company has a market cap of $1.27 billion, a price-to-earnings ratio of -350.50 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. The business has a 50-day moving average price of $6.43 and a 200 day moving average price of $4.98.

Hedge Funds Weigh In On Aris Mining

A number of institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new position in shares of Aris Mining in the first quarter worth about $76,000. Orion Resource Partners LP purchased a new position in Aris Mining during the 4th quarter worth approximately $86,000. TD Waterhouse Canada Inc. raised its stake in Aris Mining by 210,416.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 25,262 shares of the company's stock valued at $86,000 after purchasing an additional 25,250 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in Aris Mining during the 1st quarter valued at $116,000. Finally, Virtu Financial LLC acquired a new position in shares of Aris Mining in the 1st quarter valued at about $117,000. Hedge funds and other institutional investors own 35.81% of the company's stock.

Aris Mining Company Profile

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.