Aris Mining (NYSE:ARMN) Shares Gap Up – What’s Next?

Aris Mining Co. (NYSE:ARMN) shares gapped up before the market opened on Monday . The stock had previously closed at $3.92, but opened at $4.08. Aris Mining shares last traded at $4.08, with a volume of 34,180 shares changing hands.

Aris Mining Trading Up 0.9 %

The company has a debt-to-equity ratio of 0.32, a current ratio of 1.45 and a quick ratio of 1.13. The stock has a 50-day moving average price of $4.56 and a two-hundred day moving average price of $4.34. The stock has a market cap of $705.94 million, a PE ratio of -207.25 and a beta of 0.35.

Hedge Funds Weigh In On Aris Mining

Several institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its position in shares of Aris Mining by 144.7% during the 3rd quarter. Van ECK Associates Corp now owns 15,932,334 shares of the company’s stock valued at $74,780,000 after acquiring an additional 9,422,597 shares during the last quarter. Acadian Asset Management LLC lifted its position in Aris Mining by 192.1% during the second quarter. Acadian Asset Management LLC now owns 3,908,717 shares of the company’s stock valued at $14,738,000 after purchasing an additional 2,570,400 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Aris Mining by 6.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,503,600 shares of the company’s stock worth $11,587,000 after buying an additional 160,500 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Aris Mining by 44.6% in the 2nd quarter. American Century Companies Inc. now owns 1,410,505 shares of the company’s stock worth $5,330,000 after buying an additional 435,277 shares during the last quarter. Finally, 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 buying an additional 203,586 shares in the last quarter. Hedge funds and other institutional investors own 35.81% of the company’s stock.

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.