Aris Mining (NYSE:ARMN) Shares Up 4.8% – Should You Buy?

Aris Mining Co. (NYSE:ARMN)’s share price shot up 4.8% on Thursday . The stock traded as high as $5.14 and last traded at $5.12. 405,249 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 627,367 shares. The stock had previously closed at $4.88.

Aris Mining Stock Up 5.6 %

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 business has a fifty day moving average of $4.21 and a two-hundred day moving average of $4.12. The company has a market cap of $885.89 million, a price-to-earnings ratio of -257.75 and a beta of -0.46.

Institutional Investors Weigh In On Aris Mining

Several institutional investors have recently bought and sold shares of ARMN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Aris Mining in the third quarter valued at approximately $600,000. Centiva Capital LP purchased a new position in shares of Aris Mining during the 3rd quarter worth $84,000. Stifel Financial Corp boosted its stake in Aris Mining by 60.4% during the third quarter. Stifel Financial Corp now owns 540,544 shares of the company’s stock worth $2,486,000 after buying an additional 203,586 shares during the period. Jane Street Group LLC lifted its holdings in shares of 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 acquiring an additional 146,580 shares during the last quarter. Finally, National Bank of Canada FI lifted its stake in Aris Mining by 180.6% during the third quarter. National Bank of Canada FI now owns 145,048 shares of the company’s stock worth $667,000 after purchasing an additional 93,357 shares in the last quarter. 35.81% of the stock is currently owned by institutional investors and hedge funds.

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.