Van ECK Associates Corp decreased its holdings in Aris Mining Co. (NYSE:ARMN – Free Report) by 2.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,712,500 shares of the company’s stock after selling 158,515 shares during the period. Van ECK Associates Corp’s holdings in Aris Mining were worth $22,150,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of ARMN. MMCAP International Inc. SPC acquired a new stake in shares of Aris Mining during the 3rd quarter valued at $30,155,000. Ruffer LLP acquired a new stake in shares of Aris Mining during the 3rd quarter valued at $11,641,000. Invesco Ltd. acquired a new stake in shares of Aris Mining during the 3rd quarter valued at $7,142,000. 683 Capital Management LLC acquired a new stake in shares of Aris Mining during the 3rd quarter valued at $5,272,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Aris Mining during the 3rd quarter valued at $4,953,000. Institutional investors own 35.81% of the company’s stock.
Aris Mining Stock Down 2.5 %
Shares of ARMN opened at $4.05 on Wednesday. The company has a market capitalization of $599.39 million and a PE ratio of 10.64. Aris Mining Co. has a 12 month low of $2.16 and a 12 month high of $4.15. The stock’s 50-day moving average price is $3.44 and its two-hundred day moving average price is $3.11. The company has a current ratio of 2.15, a quick ratio of 1.86 and a debt-to-equity ratio of 0.55.
Analyst Upgrades and Downgrades
Separately, TheStreet downgraded Aris Mining from a “c” rating to a “d+” rating in a report on Monday, March 18th.
Get Our Latest Research Report on Aris Mining
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.
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