American Century Companies Inc. Increases Position in Aris Mining Co. (NYSE:ARMN)

American Century Companies Inc. raised its position in Aris Mining Co. (NYSE:ARMN) by 44.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,410,505 shares of the company’s stock after purchasing an additional 435,277 shares during the quarter. American Century Companies Inc. owned 0.83% of Aris Mining worth $5,330,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise purchased a new stake in Aris Mining in the second quarter valued at approximately $51,000. Virtu Financial LLC purchased a new stake in shares of Aris Mining during the first quarter worth $79,000. Quadrature Capital Ltd purchased a new stake in shares of Aris Mining during the first quarter worth $165,000. TD Asset Management Inc purchased a new stake in shares of Aris Mining during the second quarter worth $494,000. Finally, Herr Investment Group LLC purchased a new stake in shares of Aris Mining during the first quarter worth $670,000. Hedge funds and other institutional investors own 35.81% of the company’s stock.

Aris Mining Stock Down 0.2 %

Aris Mining stock opened at $4.86 on Wednesday. Aris Mining Co. has a twelve month low of $2.16 and a twelve month high of $5.16. The stock’s fifty day simple moving average is $4.38 and its 200-day simple moving average is $4.09. The company has a current ratio of 1.88, a quick ratio of 1.52 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $822.43 million and a P/E ratio of 97.20.

Aris Mining (NYSE:ARMN) last posted its quarterly earnings data 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 return on equity of 6.00% and a net margin of 2.46%. The company had revenue of $117.19 million for the quarter. As a group, equities analysts expect that Aris Mining Co. will post 0.59 earnings per share for the current fiscal 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.