LPL Financial LLC Lowers Stock Holdings in Aris Mining Co. $ARMN

LPL Financial LLC trimmed its position in shares of Aris Mining Co. (NYSE:ARMN) by 3.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 524,571 shares of the company’s stock after selling 20,025 shares during the quarter. LPL Financial LLC owned 0.31% of Aris Mining worth $2,434,000 at the end of the most recent quarter.

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

Aris Mining Stock Performance

Shares of ARMN opened at $6.94 on Tuesday. The stock has a 50-day simple moving average of $7.03 and a 200-day simple moving average of $5.70. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.13 and a current ratio of 1.45. The stock has a market capitalization of $1.40 billion, a PE ratio of -347.00 and a beta of -0.34. Aris Mining Co. has a 1 year low of $3.29 and a 1 year high of $8.18.

Wall Street Analyst Weigh In

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

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.