Connor Clark & Lunn Investment Management Ltd. Purchases 530,750 Shares of Aris Mining Co. (NYSE:ARMN)

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its stake in Aris Mining Co. by 21.5% during the first quarter, now holding approximately 1.75% of the company's shares, valued at around $13.86 million.
• Several other investment firms, including Cetera Investment Advisers and Geode Capital Management LLC, also raised their holdings in Aris Mining during the first quarter, reflecting growing institutional interest.
• Aris Mining Co. has experienced significant price fluctuations over the past year, with a 52-week range between $3.29 and $8.18, and currently trades at $7.46.

Connor Clark & Lunn Investment Management Ltd. raised its position in Aris Mining Co. (NYSE:ARMN - Free Report) by 21.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2,999,250 shares of the company's stock after purchasing an additional 530,750 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 1.75% of Aris Mining worth $13,862,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Orion Resource Partners LP acquired a new position in Aris Mining in the 4th quarter valued at about $86,000. Cambridge Investment Research Advisors Inc. acquired a new position in Aris Mining during the first quarter worth $116,000. TD Waterhouse Canada Inc. grew its holdings in Aris Mining by 210,416.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 25,262 shares of the company's stock worth $86,000 after acquiring an additional 25,250 shares during the period. Raymond James Financial Inc. acquired a new stake in Aris Mining in the fourth quarter valued at $128,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in Aris Mining in the first quarter valued at $284,000. Hedge funds and other institutional investors own 35.81% of the company's stock.

Aris Mining Stock Up 2.0%

Shares of NYSE ARMN traded up $0.14 during mid-day trading on Friday, hitting $6.95. The company had a trading volume of 421,026 shares, compared to its average volume of 1,058,284. Aris Mining Co. has a one year low of $3.29 and a one year high of $8.18. The company has a market capitalization of $1.41 billion, a PE ratio of -347.25 and a beta of -0.34. The firm has a 50-day simple moving average of $7.01 and a two-hundred day simple moving average of $5.62. The company has a current ratio of 1.45, a quick ratio of 1.13 and a debt-to-equity ratio of 0.32.

Analyst Ratings Changes

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

Aris Mining 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.