Geode Capital Management LLC Takes $360,000 Position in Aris Mining Co. (NYSE:ARMN)

Geode Capital Management LLC purchased a new position in Aris Mining Co. (NYSE:ARMN) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 77,684 shares of the company’s stock, valued at approximately $360,000.

Other large investors also recently added to or reduced their stakes in the company. TD Asset Management Inc bought a new stake in shares of Aris Mining in the 2nd quarter valued at approximately $494,000. American Century Companies Inc. raised its holdings in Aris Mining by 44.6% during the 2nd 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 period. Mackenzie Financial Corp bought a new stake in Aris Mining in the second quarter worth $220,000. International Assets Investment Management LLC purchased a new position in Aris Mining during the third quarter worth $740,000. Finally, Van ECK Associates Corp increased its position in Aris Mining by 144.7% during the third quarter. Van ECK Associates Corp now owns 15,932,334 shares of the company’s stock valued at $74,780,000 after acquiring an additional 9,422,597 shares during the last quarter. 35.81% of the stock is owned by institutional investors.

Aris Mining Trading Down 1.1 %

Shares of ARMN opened at $3.75 on Monday. Aris Mining Co. has a twelve month low of $2.60 and a twelve month high of $5.16. The company has a current ratio of 1.45, a quick ratio of 1.13 and a debt-to-equity ratio of 0.32. The company’s fifty day simple moving average is $3.86 and its 200-day simple moving average is $4.23. The company has a market cap of $641.30 million, a P/E 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.