Aris Mining Co. (NYSE:ARMN - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $6.83, but opened at $6.59. Aris Mining shares last traded at $6.45, with a volume of 557,628 shares trading hands.
Wall Street Analyst Weigh In
Separately, National Bankshares restated an "outperform" rating on shares of Aris Mining in a research report on Tuesday.
Get Our Latest Stock Analysis on ARMN
Aris Mining Stock Down 3.3%
The company has a market cap of $1.19 billion, a P/E ratio of -328.75 and a beta of -0.32. 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's 50 day moving average price is $6.16 and its 200-day moving average price is $4.78.
Hedge Funds Weigh In On Aris Mining
Several hedge funds have recently added to or reduced their stakes in ARMN. Invesco Ltd. increased its stake in shares of Aris Mining by 4.8% in the 1st quarter. Invesco Ltd. now owns 6,901,062 shares of the company's stock valued at $32,021,000 after acquiring an additional 319,110 shares during the last quarter. Ruffer LLP raised its holdings in Aris Mining by 15.2% in the fourth quarter. Ruffer LLP now owns 5,687,273 shares of the company's stock worth $19,940,000 after purchasing an additional 751,473 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Aris Mining by 21.5% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,999,250 shares of the company's stock worth $13,862,000 after purchasing an additional 530,750 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Aris Mining by 4.1% during the fourth quarter. Russell Investments Group Ltd. now owns 1,412,442 shares of the company's stock worth $4,950,000 after purchasing an additional 55,917 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Aris Mining by 28.8% in the 1st quarter. Deutsche Bank AG now owns 1,401,597 shares of the company's stock valued at $6,503,000 after buying an additional 312,981 shares during the period. Institutional investors and hedge funds 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.
Further Reading
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