Mackenzie Financial Corp Invests $632,000 in Aris Mining Co. (NYSE:ARMN)

Mackenzie Financial Corp purchased a new position in shares of Aris Mining Co. (NYSE:ARMN) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 191,400 shares of the company’s stock, valued at approximately $632,000. Mackenzie Financial Corp owned approximately 0.14% of Aris Mining at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Ruffer LLP acquired a new position in shares of Aris Mining in the 3rd quarter valued at $11,641,000. Van ECK Associates Corp acquired a new position in shares of Aris Mining in the 3rd quarter valued at $15,638,000. Lynwood Capital Management Inc. acquired a new position in shares of Aris Mining in the 3rd quarter valued at $1,014,000. Invesco Ltd. acquired a new position in shares of Aris Mining in the 3rd quarter valued at $7,142,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Aris Mining in the 3rd quarter valued at $4,953,000. 35.81% of the stock is owned by institutional investors and hedge funds.

Aris Mining Price Performance

Shares of ARMN opened at $3.97 on Friday. The business’s 50-day moving average is $3.37 and its two-hundred day moving average is $3.07. The company has a market capitalization of $588.27 million and a P/E ratio of 10.03. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.86 and a current ratio of 2.15. Aris Mining Co. has a fifty-two week low of $2.16 and a fifty-two week high of $4.03.

Aris Mining (NYSE:ARMN) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.07). The company had revenue of $124.98 million for the quarter. Aris Mining had a return on equity of 8.73% and a net margin of 2.09%. Research analysts predict that Aris Mining Co. will post 0.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, TheStreet downgraded Aris Mining from a “c” rating to a “d+” rating in a research report on Monday, March 18th.

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.