National Bank of Canada FI Trims Stock Holdings in Aris Mining Co. $ARMN

Key Points

• National Bank of Canada FI has reduced its holdings in Aris Mining Co. by 12.3%, selling 52,931 shares and owning approximately 0.22% of the company, valued at $1.739 million.
• Aris Mining's market capitalization stands at $1.38 billion, with a current stock price of $6.81 and a 12-month price range between $3.29 and $8.18.
• Several large investors have recently taken positions in Aris Mining, with institutional ownership now totaling 35.81% of the company's stock.

National Bank of Canada FI cut its position in Aris Mining Co. (NYSE:ARMN - Free Report) by 12.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 377,339 shares of the company's stock after selling 52,931 shares during the quarter. National Bank of Canada FI owned about 0.22% of Aris Mining worth $1,739,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Orion Resource Partners LP bought a new stake in shares of Aris Mining during the 4th quarter valued at $86,000. TD Waterhouse Canada Inc. boosted its holdings in shares of Aris Mining by 210,416.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 25,262 shares of the company's stock worth $86,000 after purchasing an additional 25,250 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in Aris Mining during the 1st quarter valued at about $116,000. Raymond James Financial Inc. purchased a new stake in Aris Mining during the 4th quarter valued at about $128,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Aris Mining during the 4th quarter valued at about $234,000. 35.81% of the stock is currently owned by institutional investors.

Aris Mining Trading Down 2.5%

NYSE ARMN traded down $0.1750 on Tuesday, hitting $6.7650. The company's stock had a trading volume of 274,692 shares, compared to its average volume of 1,057,589. Aris Mining Co. has a 52-week low of $3.29 and a 52-week high of $8.18. 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's 50-day simple moving average is $7.03 and its 200 day simple moving average is $5.70. The firm has a market cap of $1.37 billion, a P/E ratio of -338.25 and a beta of -0.34.

Analyst Upgrades and Downgrades

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

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.