Van ECK Associates Corp Reduces Position in Aris Mining Co. (NYSE:ARMN)

Van ECK Associates Corp lessened its holdings in shares of Aris Mining Co. (NYSE:ARMN) by 15.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,405,577 shares of the company’s stock after selling 2,526,757 shares during the quarter. Van ECK Associates Corp owned approximately 7.84% of Aris Mining worth $46,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. PDT Partners LLC purchased a new position in shares of Aris Mining during the 3rd quarter worth $59,000. International Assets Investment Management LLC purchased a new position in shares of Aris Mining during the 3rd quarter worth $740,000. Centiva Capital LP purchased a new position in shares of Aris Mining during the 3rd quarter worth $84,000. Virtu Financial LLC boosted its stake in shares of Aris Mining by 66.6% during the 3rd 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 position in shares of Aris Mining during the 3rd quarter valued at $129,000. Hedge funds and other institutional investors own 35.81% of the company’s stock.

Aris Mining Stock Up 1.4 %

ARMN opened at $4.22 on Friday. 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 Co. has a fifty-two week low of $2.75 and a fifty-two week high of $5.16. The firm’s fifty day moving average is $3.71 and its 200 day moving average is $4.16. The stock has a market cap of $721.68 million, a price-to-earnings ratio of -211.00 and a beta of 0.16.

Aris Mining (NYSE:ARMN) last released its earnings results on Tuesday, November 12th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $134.72 million for the quarter. On average, sell-side analysts forecast 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.