Sprott Inc. Buys 20,299 Shares of Aris Mining Co. (NYSE:ARMN)

Sprott Inc. raised its position in shares of Aris Mining Co. (NYSE:ARMN) by 98.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,924 shares of the company’s stock after acquiring an additional 20,299 shares during the period. Sprott Inc.’s holdings in Aris Mining were worth $143,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ARMN. Alberta Investment Management Corp lifted its holdings in Aris Mining by 12.8% during the 4th quarter. Alberta Investment Management Corp now owns 1,036,050 shares of the company’s stock worth $3,631,000 after purchasing an additional 117,249 shares during the last quarter. Virtu Financial LLC lifted its holdings in shares of Aris Mining by 66.6% during the third 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. Barclays PLC boosted its position in shares of Aris Mining by 1,344.0% in the third quarter. Barclays PLC now owns 34,656 shares of the company’s stock valued at $160,000 after acquiring an additional 32,256 shares during the period. Geode Capital Management LLC acquired a new position in shares of Aris Mining in the third quarter valued at about $360,000. Finally, XTX Topco Ltd acquired a new position in shares of Aris Mining in the third quarter valued at about $129,000. Institutional investors and hedge funds own 35.81% of the company’s stock.

Aris Mining Price Performance

Shares of Aris Mining stock opened at $3.84 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.45 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $656.69 million, a price-to-earnings ratio of -192.00 and a beta of 0.16. Aris Mining Co. has a twelve month low of $2.75 and a twelve month high of $5.16. The company has a 50-day simple moving average of $3.74 and a two-hundred day simple moving average of $4.16.

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.