130,771 Shares in Aris Mining Co. (NYSE:ARMN) Bought by TD Asset Management Inc

TD Asset Management Inc acquired a new position in shares of Aris Mining Co. (NYSE:ARMN) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 130,771 shares of the company’s stock, valued at approximately $494,000. TD Asset Management Inc owned 0.08% of Aris Mining at the end of the most recent quarter.

Several other large investors have also modified their holdings of ARMN. International Assets Investment Management LLC bought a new stake in shares of Aris Mining during the 4th quarter worth $380,000. Acadian Asset Management LLC boosted its holdings in shares of Aris Mining by 127.9% during the 1st quarter. Acadian Asset Management LLC now owns 1,338,317 shares of the company’s stock worth $4,790,000 after buying an additional 751,046 shares during the period. Herr Investment Group LLC bought a new stake in shares of Aris Mining during the 1st quarter worth $670,000. Quadrature Capital Ltd bought a new stake in Aris Mining in the 1st quarter valued at $165,000. Finally, Virtu Financial LLC bought a new stake in Aris Mining in the 1st quarter valued at $79,000. 35.81% of the stock is owned by institutional investors.

Aris Mining Price Performance

Shares of Aris Mining stock opened at $5.05 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.88 and a quick ratio of 1.52. Aris Mining Co. has a fifty-two week low of $2.16 and a fifty-two week high of $5.05. The firm has a fifty day moving average price of $4.34 and a two-hundred day moving average price of $4.01. The company has a market cap of $854.59 million and a PE ratio of 101.00.

Aris Mining (NYSE:ARMN) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.07). Aris Mining had a net margin of 2.46% and a return on equity of 6.00%. The company had revenue of $117.19 million during the quarter. Analysts expect that Aris Mining Co. will post 0.59 EPS for the current year.

About Aris Mining

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.