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

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in Aris Mining in the 4th quarter valued at approximately $128,000. Commonwealth Equity Services LLC raised its stake in shares of Aris Mining by 13.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 60,000 shares of the company's stock valued at $210,000 after purchasing an additional 7,000 shares in the last quarter. LPL Financial LLC increased its stake in Aris Mining by 27.5% during the 4th quarter. LPL Financial LLC now owns 544,596 shares of the company's stock valued at $1,906,000 after buying an additional 117,550 shares during the period. National Bank of Canada FI raised its position in shares of Aris Mining by 196.6% during the 4th quarter. National Bank of Canada FI now owns 430,270 shares of the company's stock worth $1,507,000 after buying an additional 285,222 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Aris Mining by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 80,860 shares of the company's stock valued at $284,000 after acquiring an additional 3,176 shares in the last quarter. 35.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Aris Mining Trading Up 3.6%

ARMN stock traded up $0.28 during mid-day trading on Wednesday, reaching $7.99. 1,686,508 shares of the stock traded hands, compared to its average volume of 1,022,101. Aris Mining Co. has a 52-week low of $3.29 and a 52-week high of $8.01. 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 company has a market cap of $1.52 billion, a P/E ratio of -399.50 and a beta of -0.34. The stock's fifty day moving average is $6.92 and its 200-day moving average is $5.46.

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.