Aris Mining Co. (NYSE:ARMN) Shares Bought by Alberta Investment Management Corp

Key Points

• Alberta Investment Management Corp increased its stake in Aris Mining Co. by 6.4%, owning 1,102,664 shares valued at $5,095,000 after purchasing an additional 66,614 shares.
• Other institutional investors such as Invesco Ltd. and National Bank of Canada FI also significantly boosted their holdings in Aris Mining, indicating strong institutional interest in the company.
• Aris Mining's stock currently trades at $7.10, with a market cap of $1.29 billion and a P/E ratio of -355.00.

Alberta Investment Management Corp raised its stake in Aris Mining Co. (NYSE:ARMN - Free Report) by 6.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,102,664 shares of the company's stock after purchasing an additional 66,614 shares during the period. Alberta Investment Management Corp owned about 0.64% of Aris Mining worth $5,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of ARMN. Orion Resource Partners LP purchased a new position in shares of Aris Mining in the 4th quarter valued at about $86,000. TD Waterhouse Canada Inc. grew 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 worth $86,000 after buying an additional 25,250 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in Aris Mining during the 1st quarter worth approximately $116,000. Raymond James Financial Inc. purchased a new position in Aris Mining during the 4th quarter worth approximately $128,000. Finally, Commonwealth Equity Services LLC grew its stake in 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 buying an additional 7,000 shares during the last quarter. Institutional investors and hedge funds own 35.81% of the company's stock.

Aris Mining Stock Performance

NYSE:ARMN traded up $0.34 during mid-day trading on Monday, reaching $7.44. 857,524 shares of the stock were exchanged, compared to its average volume of 1,014,241. The company has a 50 day simple moving average of $6.87 and a 200-day simple moving average of $5.42. The stock has a market capitalization of $1.41 billion, a P/E ratio of -372.00 and a beta of -0.34. The company has a quick ratio of 1.13, a current ratio of 1.45 and a debt-to-equity ratio of 0.32. Aris Mining Co. has a 1 year low of $3.29 and a 1 year high of $7.72.

Wall Street Analysts Forecast Growth

Separately, National Bankshares restated an "outperform" rating on shares of Aris Mining in a research note on Wednesday, July 16th.

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.