Connor Clark & Lunn Investment Management Ltd. increased its position in Aris Mining Co. (NYSE:ARMN - Free Report) by 6.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,503,600 shares of the company's stock after purchasing an additional 160,500 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 1.47% of Aris Mining worth $11,587,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the company. Quadrature Capital Ltd bought a new position in Aris Mining during the first quarter worth $165,000. Virtu Financial LLC acquired a new position in Aris Mining in the 1st quarter valued at about $79,000. Banque Cantonale Vaudoise bought a new position in Aris Mining in the 2nd quarter valued at about $51,000. Van ECK Associates Corp lifted its position in Aris Mining by 6.8% during the second quarter. Van ECK Associates Corp now owns 6,509,737 shares of the company's stock worth $24,604,000 after acquiring an additional 414,651 shares during the last quarter. Finally, TD Asset Management Inc bought a new stake in shares of Aris Mining during the second quarter worth approximately $494,000. 35.81% of the stock is currently owned by institutional investors and hedge funds.
Aris Mining Stock Performance
Shares of ARMN stock remained flat at $4.17 on Friday. 317,878 shares of the company traded hands, compared to its average volume of 381,860. Aris Mining Co. has a fifty-two week low of $2.60 and a fifty-two week high of $5.16. The company has a market cap of $710.19 million, a P/E ratio of -209.25 and a beta of 0.35. The business has a fifty day simple moving average of $4.54 and a 200 day simple moving average of $4.34. 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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