UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Makes New $600,000 Investment in Aris Mining Co. (NYSE:ARMN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Aris Mining Co. (NYSE:ARMN) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 130,505 shares of the company’s stock, valued at approximately $600,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Van ECK Associates Corp boosted its stake in shares of Aris Mining by 144.7% in the third 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 during the last quarter. Acadian Asset Management LLC grew its stake in Aris Mining by 192.1% during the 2nd quarter. Acadian Asset Management LLC now owns 3,908,717 shares of the company’s stock valued at $14,738,000 after acquiring an additional 2,570,400 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Aris Mining by 6.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,503,600 shares of the company’s stock valued at $11,587,000 after acquiring an additional 160,500 shares during the last quarter. American Century Companies Inc. lifted its stake in Aris Mining by 44.6% in the 2nd 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 in the last quarter. Finally, TD Asset Management Inc acquired a new position in shares of Aris Mining during the 2nd quarter worth approximately $494,000. 35.81% of the stock is owned by hedge funds and other institutional investors.

Aris Mining Price Performance

NYSE:ARMN opened at $3.46 on Friday. Aris Mining Co. has a one year low of $2.60 and a one year high of $5.16. The stock has a market cap of $591.71 million, a PE ratio of -173.00 and a beta of -0.20. 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 50 day moving average price of $4.19 and a 200 day moving average price of $4.27.

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.