Aris Mining Co. (NYSE:ARMN - Get Free Report)'s stock price fell 7.2% on Friday . The stock traded as low as $7.49 and last traded at $7.44. 949,668 shares were traded during mid-day trading, a decline of 7% from the average session volume of 1,023,988 shares. The stock had previously closed at $8.01.
Analysts Set New Price Targets
Separately, National Bankshares reaffirmed an "outperform" rating on shares of Aris Mining in a report on Wednesday, July 16th.
Read Our Latest Stock Report on Aris Mining
Aris Mining Price Performance
The company has a market capitalization of $1.40 billion, a PE ratio of -346.25 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 stock has a fifty day simple moving average of $7.01 and a 200-day simple moving average of $5.59.
Institutional Trading of Aris Mining
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC increased its holdings in shares of Aris Mining by 27.5% in the 4th quarter. LPL Financial LLC now owns 544,596 shares of the company's stock valued at $1,906,000 after acquiring an additional 117,550 shares during the period. Geode Capital Management LLC boosted its position in shares of Aris Mining by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 80,860 shares of the company's stock worth $284,000 after purchasing an additional 3,176 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Aris Mining by 4.1% during the 4th quarter. Russell Investments Group Ltd. now owns 1,412,442 shares of the company's stock valued at $4,950,000 after acquiring an additional 55,917 shares during the last quarter. Invesco Ltd. increased its stake in shares of Aris Mining by 51.8% during the 4th quarter. Invesco Ltd. now owns 6,581,952 shares of the company's stock valued at $23,037,000 after acquiring an additional 2,245,775 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Aris Mining during the 4th quarter valued at about $128,000. Institutional investors and hedge funds own 35.81% of the company's stock.
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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