MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Makes New Investment in Aris Mining Co. (NYSE:ARMN)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Aris Mining Co. (NYSE:ARMN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 265,575 shares of the company's stock, valued at approximately $931,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.16% of Aris Mining as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Orion Resource Partners LP acquired a new position in shares of Aris Mining during the 4th quarter worth about $86,000. TD Waterhouse Canada Inc. raised its position in shares of Aris Mining by 210,416.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 25,262 shares of the company's stock worth $86,000 after purchasing an additional 25,250 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Aris Mining during the 4th quarter worth about $128,000. Sprott Inc. raised its position in shares of Aris Mining by 98.4% during the 4th quarter. Sprott Inc. now owns 40,924 shares of the company's stock worth $143,000 after purchasing an additional 20,299 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of Aris Mining by 13.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 60,000 shares of the company's stock worth $210,000 after purchasing an additional 7,000 shares during the last quarter. 35.81% of the stock is owned by hedge funds and other institutional investors.

Aris Mining Price Performance

Shares of ARMN traded up $0.06 during mid-day trading on Friday, hitting $6.51. 347,910 shares of the company were exchanged, compared to its average volume of 624,847. Aris Mining Co. has a 1-year low of $3.29 and a 1-year high of $6.59. 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 has a 50 day moving average of $5.41 and a 200-day moving average of $4.40. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -325.25 and a beta of -0.57.

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.