Artisan Partners Limited Partnership Has $2.88 Million Stake in Aris Mining Co. (NYSE:ARMN)

Artisan Partners Limited Partnership increased its holdings in shares of Aris Mining Co. (NYSE:ARMN) by 72.1% during the fourth quarter, Holdings Channel reports. The fund owned 821,679 shares of the company’s stock after purchasing an additional 344,179 shares during the period. Artisan Partners Limited Partnership’s holdings in Aris Mining were worth $2,876,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Commonwealth Equity Services LLC lifted its position in shares of Aris Mining by 13.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 60,000 shares of the company’s stock worth $210,000 after purchasing an additional 7,000 shares in the last quarter. Virtu Financial LLC lifted its holdings in Aris Mining by 66.6% during the 3rd quarter. Virtu Financial LLC now owns 22,279 shares of the company’s stock worth $102,000 after buying an additional 8,909 shares in the last quarter. PDT Partners LLC bought a new position in Aris Mining in the 3rd quarter valued at $59,000. Centiva Capital LP bought a new position in Aris Mining in the 3rd quarter valued at $84,000. Finally, Sprott Inc. raised its position in shares of Aris Mining by 98.4% during the fourth quarter. Sprott Inc. now owns 40,924 shares of the company’s stock worth $143,000 after acquiring an additional 20,299 shares during the last quarter. 35.81% of the stock is owned by institutional investors and hedge funds.

Aris Mining Trading Down 2.6 %

Shares of ARMN opened at $4.55 on Friday. The stock’s fifty day simple moving average is $4.02 and its 200-day simple moving average is $4.13. The firm has a market capitalization of $781.92 million, a PE ratio of -227.50 and a beta of 0.23. Aris Mining Co. has a 12-month low of $3.29 and a 12-month high of $5.16. The company has a quick ratio of 1.13, a current ratio of 1.45 and a debt-to-equity ratio of 0.32.

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.