Mackenzie Financial Corp Makes New $632,000 Investment in Aris Mining Co. (NYSE:ARMN)

Mackenzie Financial Corp purchased a new stake in Aris Mining Co. (NYSE:ARMN) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 191,400 shares of the company’s stock, valued at approximately $632,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ruffer LLP purchased a new position in shares of Aris Mining during the third quarter valued at approximately $11,641,000. Van ECK Associates Corp purchased a new position in shares of Aris Mining during the third quarter valued at approximately $15,638,000. Lynwood Capital Management Inc. purchased a new position in shares of Aris Mining during the third quarter valued at approximately $1,014,000. Invesco Ltd. purchased a new position in shares of Aris Mining during the third quarter valued at approximately $7,142,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Aris Mining during the third quarter valued at approximately $4,953,000. Hedge funds and other institutional investors own 35.81% of the company’s stock.

Analyst Ratings Changes

Separately, TheStreet downgraded shares of Aris Mining from a “c” rating to a “d+” rating in a research note on Monday, March 18th.

Aris Mining Stock Performance

NYSE:ARMN opened at $3.97 on Friday. The company has a quick ratio of 1.86, a current ratio of 2.15 and a debt-to-equity ratio of 0.55. The company has a market cap of $588.27 million and a P/E ratio of 10.03. Aris Mining Co. has a fifty-two week low of $2.16 and a fifty-two week high of $4.03. The firm’s 50 day moving average is $3.37 and its two-hundred day moving average is $3.07.

Aris Mining (NYSE:ARMN) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.07). The company had revenue of $124.98 million for the quarter. Aris Mining had a return on equity of 8.73% and a net margin of 2.09%. Analysts expect that Aris Mining Co. will post 0.61 EPS for the current year.

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.