Invesco Ltd. Boosts Stake in Aris Mining Co. (NYSE:ARMN)

Invesco Ltd. grew its stake in shares of Aris Mining Co. (NYSE:ARMN) by 51.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,581,952 shares of the company’s stock after acquiring an additional 2,245,775 shares during the quarter. Invesco Ltd.’s holdings in Aris Mining were worth $23,037,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Ruffer LLP lifted its stake in shares of Aris Mining by 15.2% during the 4th quarter. Ruffer LLP now owns 5,687,273 shares of the company’s stock worth $19,940,000 after purchasing an additional 751,473 shares during the period. Artisan Partners Limited Partnership increased its stake in Aris Mining by 72.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 821,679 shares of the company’s stock valued at $2,876,000 after purchasing an additional 344,179 shares during the last quarter. National Bank of Canada FI lifted its position in Aris Mining by 196.6% during the fourth quarter. National Bank of Canada FI now owns 430,270 shares of the company’s stock worth $1,507,000 after buying an additional 285,222 shares during the period. Jane Street Group LLC boosted its stake in Aris Mining by 55.3% in the 3rd quarter. Jane Street Group LLC now owns 411,553 shares of the company’s stock worth $1,908,000 after buying an additional 146,580 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Aris Mining in the 3rd quarter valued at about $600,000. 35.81% of the stock is owned by institutional investors and hedge funds.

Aris Mining Trading Down 1.4 %

Shares of ARMN stock opened at $5.44 on Friday. Aris Mining Co. has a 1-year low of $3.29 and a 1-year high of $5.65. The firm’s 50-day simple moving average is $4.42 and its 200-day simple moving average is $4.15. The firm has a market cap of $934.86 million, a P/E ratio of -272.00 and a beta of -0.46. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.45 and a quick ratio of 1.13.

Aris Mining 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.