Geode Capital Management LLC Acquires New Stake in Aris Mining Co. (NYSE:ARMN)

Geode Capital Management LLC acquired a new stake in Aris Mining Co. (NYSE:ARMN) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 77,684 shares of the company’s stock, valued at approximately $360,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp grew its stake in 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 purchasing an additional 9,422,597 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of 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 buying an additional 435,277 shares during the period. Stifel Financial Corp lifted its holdings in shares of Aris Mining by 60.4% in the 3rd quarter. Stifel Financial Corp now owns 540,544 shares of the company’s stock worth $2,486,000 after buying an additional 203,586 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Aris Mining by 6.8% during the 3rd 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. Finally, Jane Street Group LLC increased its stake in shares of Aris Mining by 55.3% during the third quarter. Jane Street Group LLC now owns 411,553 shares of the company’s stock valued at $1,908,000 after buying an additional 146,580 shares during the period. Hedge funds and other institutional investors own 35.81% of the company’s stock.

Aris Mining Stock Down 1.1 %

NYSE:ARMN opened at $3.75 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.45 and a quick ratio of 1.13. Aris Mining Co. has a 1-year low of $2.60 and a 1-year high of $5.16. The company has a 50-day moving average of $3.86 and a 200 day moving average of $4.23. The firm has a market cap of $641.30 million, a PE ratio of -187.50 and a beta of 0.15.

Aris Mining Company 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.