Aris Mining (NYSE:ARMN) Shares Gap Up – Time to Buy?

Aris Mining Co. (NYSE:ARMN)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $4.06, but opened at $4.19. Aris Mining shares last traded at $4.34, with a volume of 189,917 shares traded.

Aris Mining Trading Up 8.3 %

The stock has a market cap of $755.28 million, a P/E ratio of -219.75 and a beta of 0.23. The stock’s 50-day moving average is $3.82 and its two-hundred day moving average is $4.12. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.45 and a quick ratio of 1.13.

Institutional Investors Weigh In On Aris Mining

A number of hedge funds have recently bought and sold shares of the business. Mackenzie Financial Corp raised its stake in Aris Mining by 4.2% during the fourth quarter. Mackenzie Financial Corp now owns 70,009 shares of the company’s stock valued at $245,000 after purchasing an additional 2,790 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Aris Mining in the fourth quarter valued at $234,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Aris Mining in the fourth quarter valued at $931,000. Deutsche Bank AG raised its stake in shares of Aris Mining by 25.3% in the fourth quarter. Deutsche Bank AG now owns 1,088,616 shares of the company’s stock valued at $3,810,000 after acquiring an additional 219,810 shares during the period. Finally, Cetera Investment Advisers raised its stake in shares of Aris Mining by 10.7% in the fourth quarter. Cetera Investment Advisers now owns 83,508 shares of the company’s stock valued at $293,000 after acquiring an additional 8,102 shares during the period. Hedge funds and other institutional investors own 35.81% of the company’s stock.

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.