Deutsche Bank AG raised its position in shares of Aris Mining Co. (NYSE:ARMN - Free Report) by 25.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,088,616 shares of the company's stock after purchasing an additional 219,810 shares during the period. Deutsche Bank AG owned approximately 0.64% of Aris Mining worth $3,810,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in ARMN. Barclays PLC raised its position in Aris Mining by 1,344.0% during the third quarter. Barclays PLC now owns 34,656 shares of the company's stock valued at $160,000 after purchasing an additional 32,256 shares in the last quarter. Alberta Investment Management Corp raised its position in Aris Mining by 12.8% during the fourth quarter. Alberta Investment Management Corp now owns 1,036,050 shares of the company's stock valued at $3,631,000 after purchasing an additional 117,249 shares in the last quarter. Sprott Inc. raised its position 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. Raymond James Financial Inc. purchased a new stake in Aris Mining during the fourth quarter valued at about $128,000. Finally, Ruffer LLP raised its position in Aris Mining by 15.2% during the fourth quarter. Ruffer LLP now owns 5,687,273 shares of the company's stock valued at $19,940,000 after purchasing an additional 751,473 shares in the last quarter. Hedge funds and other institutional investors own 35.81% of the company's stock.
Aris Mining Trading Up 4.1%
Shares of ARMN traded up $0.25 during trading hours on Friday, hitting $6.39. The company had a trading volume of 1,311,627 shares, compared to its average volume of 619,799. The firm has a market cap of $1.10 billion, a P/E ratio of -319.50 and a beta of -0.57. The stock's 50 day moving average price is $5.26 and its 200 day moving average price is $4.34. 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 52-week low of $3.29 and a 52-week high of $6.40.
Aris Mining Company Profile
(
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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