Ruffer LLP Boosts Stock Holdings in Aris Mining Co. (NYSE:ARMN)

Ruffer LLP grew its stake in Aris Mining Co. (NYSE:ARMN) by 15.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,687,273 shares of the company’s stock after purchasing an additional 751,473 shares during the quarter. Ruffer LLP’s holdings in Aris Mining were worth $19,940,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Aris Mining by 6.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,503,600 shares of the company’s stock valued at $11,587,000 after purchasing an additional 160,500 shares during the last quarter. Jane Street Group LLC lifted its stake in Aris Mining by 55.3% in the third 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. Stifel Financial Corp grew its holdings in Aris Mining by 60.4% during the 3rd quarter. Stifel Financial Corp now owns 540,544 shares of the company’s stock worth $2,486,000 after acquiring an additional 203,586 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Aris Mining in the 3rd quarter valued at approximately $600,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Aris Mining in the 3rd quarter valued at $360,000. 35.81% of the stock is owned by institutional investors and hedge funds.

Aris Mining Stock Performance

Shares of ARMN stock opened at $3.96 on Friday. The company has a market cap of $680.53 million, a P/E ratio of -198.00 and a beta of 0.23. The firm has a fifty day moving average price of $3.79 and a 200 day moving average price of $4.13. The company has a current ratio of 1.45, a quick ratio of 1.13 and a debt-to-equity ratio of 0.32. Aris Mining Co. has a 12 month low of $3.18 and a 12 month high of $5.16.

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.