Legal & General Group Plc lessened its holdings in Aris Mining Co. (NYSE:ARMN - Free Report) by 21.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 566,620 shares of the company's stock after selling 155,171 shares during the period. Legal & General Group Plc owned about 0.33% of Aris Mining worth $1,979,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in ARMN. Geode Capital Management LLC raised its position in Aris Mining by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 80,860 shares of the company's stock worth $284,000 after acquiring an additional 3,176 shares during the period. 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 in the last quarter. Virtu Financial LLC grew its holdings in Aris Mining by 66.6% during the third quarter. Virtu Financial LLC now owns 22,279 shares of the company's stock valued at $102,000 after purchasing an additional 8,909 shares during the period. Sprott Inc. grew its holdings 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 during the period. Finally, Barclays PLC raised its stake in shares of Aris Mining by 1,344.0% in the third quarter. Barclays PLC now owns 34,656 shares of the company's stock worth $160,000 after buying an additional 32,256 shares during the period. Hedge funds and other institutional investors own 35.81% of the company's stock.
Aris Mining Stock Performance
Shares of NYSE:ARMN traded up $0.20 during mid-day trading on Wednesday, reaching $5.49. 784,774 shares of the company traded hands, compared to its average volume of 565,508. The company's 50 day moving average price is $4.64 and its 200-day moving average price is $4.21. The firm has a market cap of $943.46 million, a PE ratio of -274.50 and a beta of -0.46. Aris Mining Co. has a 52 week low of $3.29 and a 52 week high 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 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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