Geode Capital Management LLC Buys 3,176 Shares of Aris Mining Co. (NYSE:ARMN)

Geode Capital Management LLC lifted its stake in shares of Aris Mining Co. (NYSE:ARMN) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,860 shares of the company’s stock after purchasing an additional 3,176 shares during the quarter. Geode Capital Management LLC’s holdings in Aris Mining were worth $284,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ARMN. Diametric Capital LP increased its stake in Aris Mining by 320.4% during the 4th quarter. Diametric Capital LP now owns 149,581 shares of the company’s stock valued at $524,000 after purchasing an additional 114,000 shares in the last quarter. National Bank of Canada FI grew its holdings in shares of Aris Mining by 196.6% during the fourth quarter. National Bank of Canada FI now owns 430,270 shares of the company’s stock valued at $1,507,000 after buying an additional 285,222 shares during the last quarter. Artisan Partners Limited Partnership increased its position in shares of Aris Mining by 72.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 821,679 shares of the company’s stock worth $2,876,000 after acquiring an additional 344,179 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Aris Mining by 27.5% in the 4th quarter. LPL Financial LLC now owns 544,596 shares of the company’s stock worth $1,906,000 after acquiring an additional 117,550 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in Aris Mining by 13.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 60,000 shares of the company’s stock valued at $210,000 after acquiring an additional 7,000 shares in the last quarter. 35.81% of the stock is currently owned by institutional investors and hedge funds.

Aris Mining Stock Performance

Shares of ARMN opened at $5.34 on Friday. The firm has a market capitalization of $917.68 million, a P/E ratio of -267.00 and a beta of -0.46. Aris Mining Co. has a 52 week low of $3.29 and a 52 week high of $5.74. The stock has a 50 day moving average price of $4.70 and a two-hundred day moving average price of $4.22. 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 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.