Ruffer LLP Buys 751,473 Shares of Aris Mining Co. (NYSE:ARMN)

Ruffer LLP lifted its position in Aris Mining Co. (NYSE:ARMN - Free Report) by 15.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,687,273 shares of the company's stock after purchasing an additional 751,473 shares during the quarter. Ruffer LLP owned 3.33% of Aris Mining worth $19,940,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Aigen Investment Management LP increased its stake in shares of Aris Mining by 192.1% in the 3rd quarter. Aigen Investment Management LP now owns 36,241 shares of the company's stock valued at $168,000 after buying an additional 23,833 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Aris Mining by 6.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,503,600 shares of the company's stock valued at $11,587,000 after buying an additional 160,500 shares during the period. Quantbot Technologies LP bought a new stake in shares of Aris Mining in the 3rd quarter valued at about $200,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Aris Mining in the 3rd quarter valued at approximately $129,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Aris Mining in the third quarter valued at approximately $600,000. 35.81% of the stock is owned by institutional investors.

Aris Mining Stock Up 9.1 %

NYSE ARMN traded up $0.37 on Thursday, reaching $4.43. The company had a trading volume of 1,358,628 shares, compared to its average volume of 430,413. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.13 and a current ratio of 1.45. The firm has a market capitalization of $761.30 million, a price-to-earnings ratio of -221.50 and a beta of 0.23. The company's fifty day moving average is $3.82 and its 200-day moving average is $4.12. Aris Mining Co. has a 1-year low of $3.18 and a 1-year high of $5.16.

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Aris Mining Company Profile

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.