Aris Mining Co. (NYSE:ARMN) Shares Bought by Stifel Financial Corp

Stifel Financial Corp lifted its stake in shares of Aris Mining Co. (NYSE:ARMN) by 60.4% during the third quarter, HoldingsChannel.com reports. The firm owned 540,544 shares of the company’s stock after purchasing an additional 203,586 shares during the period. Stifel Financial Corp’s holdings in Aris Mining were worth $2,486,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Aris Mining by 6.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,503,600 shares of the company’s stock worth $11,587,000 after buying an additional 160,500 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Aris Mining by 144.7% during the 3rd quarter. Van ECK Associates Corp now owns 15,932,334 shares of the company’s stock worth $74,780,000 after acquiring an additional 9,422,597 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Aris Mining by 192.1% in the 2nd quarter. Acadian Asset Management LLC now owns 3,908,717 shares of the company’s stock worth $14,738,000 after acquiring an additional 2,570,400 shares during the period. International Assets Investment Management LLC purchased a new position in Aris Mining in the 3rd quarter valued at approximately $740,000. Finally, American Century Companies Inc. raised its holdings in Aris Mining by 44.6% during the second quarter. American Century Companies Inc. now owns 1,410,505 shares of the company’s stock worth $5,330,000 after purchasing an additional 435,277 shares during the last quarter. Hedge funds and other institutional investors own 35.81% of the company’s stock.

Aris Mining Stock Down 6.3 %

Aris Mining stock opened at $3.55 on Thursday. Aris Mining Co. has a fifty-two week low of $2.60 and a fifty-two week high of $5.16. The firm has a market capitalization of $607.10 million, a price-to-earnings ratio of -177.50 and a beta of -0.20. The stock’s fifty day moving average is $4.23 and its two-hundred day moving average is $4.29. 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 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.