Bank of America Corp DE trimmed its holdings in Aris Mining Co. (NYSE:ARMN - Free Report) by 40.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 160,566 shares of the company's stock after selling 109,218 shares during the quarter. Bank of America Corp DE owned approximately 0.09% of Aris Mining worth $562,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Orion Resource Partners LP bought a new stake in Aris Mining in the 4th quarter worth approximately $86,000. TD Waterhouse Canada Inc. grew its holdings in shares of Aris Mining by 210,416.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 25,262 shares of the company's stock valued at $86,000 after purchasing an additional 25,250 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Aris Mining in the fourth quarter worth $128,000. Sprott Inc. raised its stake in Aris Mining by 98.4% during the fourth quarter. Sprott Inc. now owns 40,924 shares of the company's stock valued at $143,000 after purchasing an additional 20,299 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in 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 during the last quarter. 35.81% of the stock is owned by hedge funds and other institutional investors.
Aris Mining Price Performance
Shares of NYSE:ARMN traded down $0.04 on Friday, reaching $6.70. The company's stock had a trading volume of 1,935,273 shares, compared to its average volume of 694,234. The company has a 50-day simple moving average of $5.86 and a 200 day simple moving average of $4.60. Aris Mining Co. has a 52-week low of $3.29 and a 52-week high of $7.01. 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 market cap of $1.22 billion, a P/E ratio of -335.00 and a beta of -0.31.
Aris Mining Company Profile
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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.
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