Stifel Financial Corp Increases Stock Position in Aris Mining Co. (NYSE:ARMN)

Stifel Financial Corp grew its position in shares of Aris Mining Co. (NYSE:ARMN) by 60.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 540,544 shares of the company’s stock after purchasing an additional 203,586 shares during the quarter. Stifel Financial Corp owned approximately 0.32% of Aris Mining worth $2,486,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in ARMN. Connor Clark & Lunn Investment Management Ltd. grew its stake in 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 during the last quarter. Van ECK Associates Corp boosted its stake in 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 purchasing an additional 9,422,597 shares during the period. Acadian Asset Management LLC grew its position 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 worth $14,738,000 after purchasing an additional 2,570,400 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Aris Mining in the third quarter valued at $740,000. Finally, American Century Companies Inc. raised its holdings in shares of Aris Mining by 44.6% in the second quarter. American Century Companies Inc. now owns 1,410,505 shares of the company’s stock valued at $5,330,000 after buying an additional 435,277 shares during the last quarter. Institutional investors and hedge funds own 35.81% of the company’s stock.

Aris Mining Stock Performance

NYSE ARMN opened at $3.55 on Thursday. The firm has a market cap of $607.10 million, a P/E ratio of -177.50 and a beta of -0.20. Aris Mining Co. has a 52-week low of $2.60 and a 52-week high of $5.16. The business’s 50-day moving average price is $4.23 and its 200 day moving average price is $4.29. The company has a quick ratio of 1.13, a current ratio of 1.45 and a debt-to-equity ratio of 0.32.

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.