Mackenzie Financial Corp Buys New Shares in Aris Mining Co. (NYSE:ARMN)

Mackenzie Financial Corp acquired a new position in shares of Aris Mining Co. (NYSE:ARMN - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 191,400 shares of the company's stock, valued at approximately $632,000. Mackenzie Financial Corp owned about 0.14% of Aris Mining at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ARMN. Scotia Capital Inc. purchased a new stake in Aris Mining in the third quarter valued at $27,000. Sprott Inc. purchased a new stake in Aris Mining in the third quarter valued at $33,000. Private Advisor Group LLC purchased a new stake in Aris Mining in the third quarter valued at $45,000. Metis Global Partners LLC purchased a new stake in Aris Mining in the third quarter valued at $47,000. Finally, Guild Investment Management Inc. purchased a new stake in Aris Mining in the third quarter valued at $91,000. 35.81% of the stock is owned by hedge funds and other institutional investors.

Aris Mining Stock Performance

NYSE ARMN traded up $0.09 during trading on Friday, reaching $4.06. The company's stock had a trading volume of 390,968 shares, compared to its average volume of 178,411. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.86 and a current ratio of 2.15. The firm has a market cap of $601.61 million and a price-to-earnings ratio of 198.50. Aris Mining Co. has a twelve month low of $2.16 and a twelve month high of $4.09. The business's fifty day moving average price is $3.37 and its 200-day moving average price is $3.07.

Aris Mining (NYSE:ARMN - Get Free Report) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.07). The business had revenue of $124.98 million during the quarter. Aris Mining had a net margin of 2.09% and a return on equity of 8.73%. As a group, analysts anticipate that Aris Mining Co. will post 0.61 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, TheStreet cut shares of Aris Mining from a "c" rating to a "d+" rating in a research report on Monday, March 18th.

About Aris Mining

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.