130,505 Shares in Aris Mining Co. (NYSE:ARMN) Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Aris Mining Co. (NYSE:ARMN) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 130,505 shares of the company’s stock, valued at approximately $600,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.08% of Aris Mining at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new stake in Aris Mining during the 2nd quarter worth about $51,000. International Assets Investment Management LLC acquired a new stake in shares of Aris Mining during the third quarter worth about $740,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Aris Mining during the third quarter worth about $129,000. Aigen Investment Management LP boosted its position in Aris Mining by 192.1% in the third quarter. Aigen Investment Management LP now owns 36,241 shares of the company’s stock valued at $168,000 after buying an additional 23,833 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in Aris Mining during the 3rd quarter worth approximately $200,000. 35.81% of the stock is currently owned by institutional investors and hedge funds.

Aris Mining Stock Performance

Shares of NYSE ARMN opened at $3.46 on Friday. The company has a 50 day simple moving average of $4.19 and a two-hundred day simple moving average of $4.27. The stock has a market cap of $591.71 million, a price-to-earnings ratio of -173.00 and a beta of -0.20. The company has a current ratio of 1.45, a quick ratio of 1.13 and a debt-to-equity ratio of 0.32. Aris Mining Co. has a 12 month low of $2.60 and a 12 month high of $5.16.

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.