Raymond James Financial Inc. Buys Shares of 36,470 Aris Mining Co. (NYSE:ARMN)

Raymond James Financial Inc. purchased a new position in shares of Aris Mining Co. (NYSE:ARMN) during the fourth quarter, Holdings Channel reports. The fund purchased 36,470 shares of the company’s stock, valued at approximately $128,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Invesco Ltd. increased its stake in Aris Mining by 51.8% during the 4th quarter. Invesco Ltd. now owns 6,581,952 shares of the company’s stock worth $23,037,000 after buying an additional 2,245,775 shares during the period. Ruffer LLP lifted its position in shares of Aris Mining by 15.2% during the 4th quarter. Ruffer LLP now owns 5,687,273 shares of the company’s stock worth $19,940,000 after purchasing an additional 751,473 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Aris Mining by 4.1% during the fourth quarter. Russell Investments Group Ltd. now owns 1,412,442 shares of the company’s stock worth $4,950,000 after purchasing an additional 55,917 shares in the last quarter. Alberta Investment Management Corp increased its holdings in Aris Mining by 12.8% in the fourth quarter. Alberta Investment Management Corp now owns 1,036,050 shares of the company’s stock valued at $3,631,000 after buying an additional 117,249 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its stake in Aris Mining by 72.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 821,679 shares of the company’s stock valued at $2,876,000 after buying an additional 344,179 shares in the last quarter. 35.81% of the stock is currently owned by hedge funds and other institutional investors.

Aris Mining Trading Up 4.3%

ARMN opened at $5.82 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.13 and a current ratio of 1.45. Aris Mining Co. has a one year low of $3.29 and a one year high of $6.07. The company has a market cap of $1.00 billion, a P/E ratio of -291.00 and a beta of -0.57. The business’s 50-day simple moving average is $4.97 and its 200-day simple moving average is $4.27.

Aris Mining 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.