Shares of Aris Mining Co. (NYSE:ARMN – Get Free Report) were up 4.8% on Thursday . The stock traded as high as $4.16 and last traded at $4.14. Approximately 62,827 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 240,242 shares. The stock had previously closed at $3.95.
Wall Street Analyst Weigh In
Separately, TheStreet downgraded Aris Mining from a “c” rating to a “d+” rating in a research report on Monday, March 18th.
Aris Mining Trading Up 4.6 %
The firm has a market cap of $632.14 million and a P/E ratio of 83.00. The company’s fifty day moving average price is $4.09 and its two-hundred day moving average price is $3.50. The company has a current ratio of 1.92, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54.
Aris Mining (NYSE:ARMN – Get Free Report) last issued its quarterly earnings data on Tuesday, May 14th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.07). Aris Mining had a return on equity of 7.64% and a net margin of 3.06%. The firm had revenue of $107.62 million for the quarter. As a group, sell-side analysts predict that Aris Mining Co. will post 0.59 EPS for the current fiscal year.
Hedge Funds Weigh In On Aris Mining
A number of institutional investors and hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC bought a new position in shares of Aris Mining in the fourth quarter valued at about $380,000. Scotia Capital Inc. bought a new position in shares of Aris Mining in the third quarter worth about $27,000. Sprott Inc. acquired a new position in shares of Aris Mining during the third quarter worth approximately $33,000. Virtu Financial LLC bought a new stake in shares of Aris Mining during the first quarter valued at approximately $79,000. Finally, Baader Bank Aktiengesellschaft acquired a new stake in shares of Aris Mining in the fourth quarter valued at approximately $131,000. Institutional investors and hedge funds own 35.81% of the company’s stock.
Aris Mining Company 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.