Russell Investments Group Ltd. Sells 113,094 Shares of Aris Mining Co. $ARMN

Key Points

• Russell Investments Group Ltd. has reduced its stake in Aris Mining Co. by 8.0%, selling 113,094 shares and bringing its total holdings to 1,299,348 shares valued at approximately $6 million.
• Despite the decrease from Russell Investments, several institutional investors, including Connor Clark & Lunn and Deutsche Bank AG, have increased their holdings in Aris Mining in the first quarter.
• Aris Mining's stock opened at $6.87 with a market capitalization of $1.39 billion, and it currently holds an average analyst rating of "Buy".

Russell Investments Group Ltd. decreased its holdings in Aris Mining Co. (NYSE:ARMN - Free Report) by 8.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,299,348 shares of the company's stock after selling 113,094 shares during the period. Russell Investments Group Ltd. owned 0.76% of Aris Mining worth $6,004,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ARMN. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Aris Mining by 21.5% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,999,250 shares of the company's stock valued at $13,862,000 after acquiring an additional 530,750 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Aris Mining by 4.8% in the 1st quarter. Invesco Ltd. now owns 6,901,062 shares of the company's stock valued at $32,021,000 after acquiring an additional 319,110 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Aris Mining by 28.8% in the 1st quarter. Deutsche Bank AG now owns 1,401,597 shares of the company's stock valued at $6,503,000 after acquiring an additional 312,981 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Aris Mining in the 4th quarter valued at about $931,000. Finally, Nuveen LLC bought a new position in shares of Aris Mining in the 1st quarter valued at about $589,000. Institutional investors own 35.81% of the company's stock.

Aris Mining Stock Up 1.9%

Shares of NYSE ARMN opened at $6.87 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.45 and a quick ratio of 1.13. The company has a market cap of $1.39 billion, a P/E ratio of -343.50 and a beta of -0.34. Aris Mining Co. has a 1 year low of $3.29 and a 1 year high of $8.18. The firm has a 50-day simple moving average of $7.05 and a two-hundred day simple moving average of $5.71.

Wall Street Analyst Weigh In

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

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