Raymond James Financial Inc. Makes New Investment in Aris Mining Co. (NYSE:ARMN)

Raymond James Financial Inc. purchased a new stake in shares of Aris Mining Co. (NYSE:ARMN) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 36,470 shares of the company’s stock, valued at approximately $128,000.

A number of other hedge funds have also recently modified their holdings of the company. Invesco Ltd. lifted its holdings in Aris Mining by 51.8% in the fourth quarter. Invesco Ltd. now owns 6,581,952 shares of the company’s stock valued at $23,037,000 after acquiring an additional 2,245,775 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Aris Mining by 4.1% in the 4th quarter. Russell Investments Group Ltd. now owns 1,412,442 shares of the company’s stock valued at $4,950,000 after purchasing an additional 55,917 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Aris Mining by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 80,860 shares of the company’s stock valued at $284,000 after purchasing an additional 3,176 shares during the last quarter. Diametric Capital LP grew its holdings in shares of Aris Mining by 320.4% during the 4th quarter. Diametric Capital LP now owns 149,581 shares of the company’s stock worth $524,000 after purchasing an additional 114,000 shares during the period. Finally, National Bank of Canada FI increased its position in shares of Aris Mining by 196.6% during the 4th quarter. National Bank of Canada FI now owns 430,270 shares of the company’s stock worth $1,507,000 after purchasing an additional 285,222 shares during the last quarter. Hedge funds and other institutional investors own 35.81% of the company’s stock.

Aris Mining Stock Up 4.3%

Shares of ARMN opened at $5.82 on Wednesday. The company’s 50-day moving average price is $4.97 and its 200 day moving average price is $4.27. Aris Mining Co. has a 12-month low of $3.29 and a 12-month high of $6.07. The company has a current ratio of 1.45, a quick ratio of 1.13 and a debt-to-equity ratio of 0.32. The firm has a market cap of $1.00 billion, a P/E ratio of -291.00 and a beta of -0.57.

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.