Cetera Investment Advisers Buys 2,571 Shares of Aris Mining Co. $ARMN

Cetera Investment Advisers lifted its stake in shares of Aris Mining Co. (NYSE:ARMN) by 3.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 86,079 shares of the company’s stock after purchasing an additional 2,571 shares during the quarter. Cetera Investment Advisers owned 0.05% of Aris Mining worth $398,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ARMN. Orion Resource Partners LP bought a new stake in shares of Aris Mining during the 4th quarter valued at $86,000. TD Waterhouse Canada Inc. increased its stake in Aris Mining by 210,416.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 25,262 shares of the company’s stock worth $86,000 after acquiring an additional 25,250 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in Aris Mining in the 1st quarter worth about $116,000. Raymond James Financial Inc. bought a new position in Aris Mining in the 4th quarter worth about $128,000. Finally, Public Employees Retirement System of Ohio bought a new position in Aris Mining in the 4th quarter worth about $234,000. 35.81% of the stock is currently owned by institutional investors.

Aris Mining Price Performance

Shares of NYSE ARMN opened at $6.94 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.45 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $1.40 billion, a P/E ratio of -347.00 and a beta of -0.34. The stock’s 50-day simple moving average is $7.03 and its two-hundred day simple moving average is $5.70. Aris Mining Co. has a twelve month low of $3.29 and a twelve month high of $8.18.

Wall Street Analyst Weigh In

Separately, National Bankshares restated an “outperform” rating on shares of Aris Mining in a research note on Wednesday, July 16th.

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.