Deutsche Bank AG Buys 312,981 Shares of Aris Mining Co. $ARMN

Key Points

• Deutsche Bank AG increased its stake in Aris Mining Co. by **28.8%**, acquiring an additional **312,981 shares**, bringing their total ownership to **1,401,597 shares** worth approximately **$6.5 million**.
• Other institutional investors have also shown interest in Aris Mining, with notable purchases including **TD Waterhouse** increasing its holdings by **210,416.7%** during the fourth quarter.
• The current trading price of Aris Mining is **$6.90**, with a significant **P/E ratio of -345.00** and a market capitalization of **$1.4 billion**.

Deutsche Bank AG grew its stake in shares of Aris Mining Co. (NYSE:ARMN - Free Report) by 28.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,401,597 shares of the company's stock after acquiring an additional 312,981 shares during the period. Deutsche Bank AG owned about 0.82% of Aris Mining worth $6,503,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ARMN. Geode Capital Management LLC grew its position in shares of Aris Mining by 4.1% during the 4th 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 during the period. Invesco Ltd. grew its position in shares of Aris Mining by 51.8% during the 4th quarter. Invesco Ltd. now owns 6,581,952 shares of the company's stock valued at $23,037,000 after acquiring an additional 2,245,775 shares during the period. Raymond James Financial Inc. bought a new position in shares of Aris Mining during the 4th quarter valued at approximately $128,000. TD Waterhouse Canada Inc. grew 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 valued at $86,000 after acquiring an additional 25,250 shares during the period. Finally, Orion Resource Partners LP bought a new position in shares of Aris Mining during the 4th quarter valued at approximately $86,000. 35.81% of the stock is owned by institutional investors.

Aris Mining Price Performance

NYSE:ARMN traded up $0.16 during trading hours on Thursday, hitting $7.03. The stock had a trading volume of 960,314 shares, compared to its average volume of 1,062,088. The company has a 50 day simple moving average of $7.05 and a two-hundred day simple moving average of $5.74. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.45 and a quick ratio of 1.13. Aris Mining Co. has a one year low of $3.29 and a one year high of $8.18. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of -351.50 and a beta of -0.34.

Analyst Ratings Changes

Separately, National Bankshares reaffirmed an "outperform" rating on shares of Aris Mining in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy".

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.