International Assets Investment Management LLC Purchases Shares of 11,498 Aris Mining Co. (NYSE:ARMN)

International Assets Investment Management LLC purchased a new stake in Aris Mining Co. (NYSE:ARMN) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 11,498 shares of the company’s stock, valued at approximately $380,000.

A number of other hedge funds also recently made changes to their positions in ARMN. Lynwood Capital Management Inc. acquired a new position in shares of Aris Mining in the 3rd quarter valued at $1,014,000. Private Advisor Group LLC acquired a new position in shares of Aris Mining during the 3rd quarter valued at $45,000. Guild Investment Management Inc. acquired a new position in shares of Aris Mining during the 3rd quarter valued at $91,000. Metis Global Partners LLC acquired a new position in shares of Aris Mining during the 3rd quarter valued at $47,000. Finally, Van ECK Associates Corp acquired a new position in shares of Aris Mining during the 3rd quarter valued at $15,638,000. Institutional investors and hedge funds own 35.81% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Aris Mining Stock Performance

NYSE:ARMN opened at $4.06 on Friday. The company has a current ratio of 2.15, a quick ratio of 1.86 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $601.61 million and a price-to-earnings ratio of 203.00. The firm’s fifty day simple moving average is $3.39 and its 200 day simple moving average is $3.08. Aris Mining Co. has a twelve month low of $2.16 and a twelve month high of $4.09.

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

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.