National Bank of Canada FI Sells 52,931 Shares of Aris Mining Co. (NYSE:ARMN)

National Bank of Canada FI decreased its holdings in Aris Mining Co. (NYSE:ARMN) by 12.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 377,339 shares of the company’s stock after selling 52,931 shares during the period. National Bank of Canada FI owned about 0.22% of Aris Mining worth $1,739,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Orion Resource Partners LP bought a new position in Aris Mining in the fourth quarter worth approximately $86,000. Cambridge Investment Research Advisors Inc. bought a new position in Aris Mining in the first quarter worth approximately $116,000. TD Waterhouse Canada Inc. raised its stake in Aris Mining by 210,416.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 25,262 shares of the company’s stock worth $86,000 after buying an additional 25,250 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Aris Mining in the fourth quarter worth $128,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in Aris Mining in the first quarter worth $284,000. Institutional investors own 35.81% of the company’s stock.

Aris Mining Price Performance

NYSE ARMN opened at $6.81 on Friday. The firm’s fifty day simple moving average is $7.01 and its two-hundred day simple moving average is $5.62. 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 $3.29 and a 12-month high of $8.18. The firm has a market capitalization of $1.38 billion, a P/E ratio of -340.50 and a beta of -0.34.

Wall Street Analysts Forecast Growth

Separately, National Bankshares reaffirmed an “outperform” rating on shares of Aris Mining in a report on Wednesday, July 16th.

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.