Van ECK Associates Corp increased its holdings in shares of Aris Mining Co. (NYSE:ARMN - Free Report) by 144.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,932,334 shares of the company's stock after acquiring an additional 9,422,597 shares during the quarter. Van ECK Associates Corp owned approximately 9.35% of Aris Mining worth $74,780,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in shares of Aris Mining in the third quarter valued at $740,000. Mackenzie Financial Corp bought a new stake in shares of Aris Mining in the second quarter valued at $220,000. American Century Companies Inc. raised its stake in shares of Aris Mining by 44.6% in the second quarter. American Century Companies Inc. now owns 1,410,505 shares of the company's stock valued at $5,330,000 after buying an additional 435,277 shares during the period. Acadian Asset Management LLC raised its stake in shares of Aris Mining by 192.1% in the second quarter. Acadian Asset Management LLC now owns 3,908,717 shares of the company's stock valued at $14,738,000 after buying an additional 2,570,400 shares during the period. Finally, TD Asset Management Inc bought a new stake in shares of Aris Mining in the second quarter valued at $494,000. 35.81% of the stock is currently owned by institutional investors.
Aris Mining Stock Performance
Shares of NYSE ARMN traded up $0.01 during mid-day trading on Monday, hitting $4.53. The company had a trading volume of 503,733 shares, compared to its average volume of 374,789. The company has a market capitalization of $771.51 million, a price-to-earnings ratio of 56.63 and a beta of 0.35. Aris Mining Co. has a 1 year low of $2.32 and a 1 year high of $5.16. The company has a current ratio of 1.88, a quick ratio of 1.52 and a debt-to-equity ratio of 0.31. The stock's 50-day moving average price is $4.61 and its 200-day moving average price is $4.33.
Aris Mining (NYSE:ARMN - Get Free Report) last posted its earnings results on Tuesday, August 13th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.07). Aris Mining had a return on equity of 6.00% and a net margin of 2.46%. The business had revenue of $117.19 million for the quarter. On average, sell-side analysts forecast that Aris Mining Co. will post 0.52 earnings per share for the current year.
About Aris Mining
(
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.
Read More
Before you consider Aris Mining, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Aris Mining wasn't on the list.
While Aris Mining currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
