Van ECK Associates Corp Has $46.94 Million Position in Aris Mining Co. (NYSE:ARMN)

Van ECK Associates Corp cut its stake in Aris Mining Co. (NYSE:ARMN - Free Report) by 15.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,405,577 shares of the company's stock after selling 2,526,757 shares during the period. Van ECK Associates Corp owned 7.84% of Aris Mining worth $46,942,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Aris Mining by 6.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,503,600 shares of the company's stock valued at $11,587,000 after acquiring an additional 160,500 shares during the last quarter. Stifel Financial Corp raised its position in shares of Aris Mining by 60.4% during the 3rd quarter. Stifel Financial Corp now owns 540,544 shares of the company's stock valued at $2,486,000 after acquiring an additional 203,586 shares during the last quarter. Jane Street Group LLC raised its position in shares of Aris Mining by 55.3% during the 3rd quarter. Jane Street Group LLC now owns 411,553 shares of the company's stock valued at $1,908,000 after acquiring an additional 146,580 shares during the last quarter. National Bank of Canada FI increased its position in shares of Aris Mining by 180.6% in the 3rd quarter. National Bank of Canada FI now owns 145,048 shares of the company's stock valued at $667,000 after buying an additional 93,357 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Aris Mining in the 3rd quarter valued at $600,000. 35.81% of the stock is owned by institutional investors.

Aris Mining Trading Down 4.3 %

Shares of ARMN traded down $0.18 during trading hours on Monday, reaching $4.04. The stock had a trading volume of 298,917 shares, compared to its average volume of 412,449. The company has a quick ratio of 1.13, a current ratio of 1.45 and a debt-to-equity ratio of 0.32. Aris Mining Co. has a 52 week low of $2.75 and a 52 week high of $5.16. The firm has a 50-day moving average of $3.73 and a 200 day moving average of $4.16. The company has a market cap of $690.90 million, a P/E ratio of -202.00 and a beta of 0.16.

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.