LPL Financial LLC Purchases 117,550 Shares of Aris Mining Co. (NYSE:ARMN)

LPL Financial LLC increased its stake in shares of Aris Mining Co. (NYSE:ARMN - Free Report) by 27.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 544,596 shares of the company's stock after buying an additional 117,550 shares during the quarter. LPL Financial LLC owned about 0.32% of Aris Mining worth $1,906,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ARMN. Virtu Financial LLC raised its stake in shares of 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 acquiring an additional 8,909 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Aris Mining in the 4th quarter valued at about $128,000. XTX Topco Ltd acquired a new stake in shares of Aris Mining in the third quarter valued at about $129,000. Sprott Inc. raised its position in shares of Aris Mining by 98.4% during the fourth quarter. Sprott Inc. now owns 40,924 shares of the company's stock worth $143,000 after acquiring an additional 20,299 shares during the last quarter. Finally, Barclays PLC lifted 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 acquiring an additional 32,256 shares during the period. Institutional investors own 35.81% of the company's stock.

Aris Mining Trading Down 1.4 %

NYSE:ARMN traded down $0.08 on Friday, reaching $5.44. 1,044,594 shares of the stock traded hands, compared to its average volume of 544,390. The company has a current ratio of 1.45, a quick ratio of 1.13 and a debt-to-equity ratio of 0.32. Aris Mining Co. has a 1-year low of $3.29 and a 1-year high of $5.65. The company's 50 day moving average is $4.39 and its 200-day moving average is $4.15. The firm has a market capitalization of $934.86 million, a price-to-earnings ratio of -272.00 and a beta of -0.46.

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.