Aris Mining Co. (NYSE:ARMN) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its stake in shares of Aris Mining Co. (NYSE:ARMN) by 8.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 191,274 shares of the company’s stock after selling 17,208 shares during the period. JPMorgan Chase & Co. owned about 0.11% of Aris Mining worth $880,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. PDT Partners LLC acquired a new position in shares of Aris Mining during the 3rd quarter worth about $59,000. International Assets Investment Management LLC purchased a new position in shares of Aris Mining in the third quarter valued at approximately $740,000. Centiva Capital LP purchased a new position in shares of Aris Mining in the third quarter valued at approximately $84,000. Virtu Financial LLC boosted its stake in shares of Aris Mining by 66.6% in the third quarter. Virtu Financial LLC now owns 22,279 shares of the company’s stock worth $102,000 after acquiring an additional 8,909 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Aris Mining during the third quarter worth approximately $129,000. 35.81% of the stock is owned by hedge funds and other institutional investors.

Aris Mining Trading Up 3.0 %

Shares of ARMN stock opened at $3.73 on Friday. Aris Mining Co. has a fifty-two week low of $2.60 and a fifty-two week high of $5.16. The firm has a market capitalization of $637.87 million, a P/E ratio of -186.50 and a beta of 0.15. The stock’s fifty day moving average is $3.76 and its two-hundred day moving average is $4.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.13 and a current ratio of 1.45.

Aris Mining (NYSE:ARMN) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.06). Aris Mining had a negative net margin of 0.66% and a positive return on equity of 4.97%. The company had revenue of $134.72 million during the quarter. Research analysts expect that Aris Mining Co. will post 0.36 earnings per share for the current fiscal year.

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.