Aris Mining Co. (NYSE:ARMN - Free Report) - Stock analysts at National Bank Financial lowered their Q4 2024 earnings per share (EPS) estimates for shares of Aris Mining in a research note issued to investors on Monday, February 10th. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings per share of $0.17 for the quarter, down from their previous estimate of $0.18. The consensus estimate for Aris Mining's current full-year earnings is $0.36 per share. National Bank Financial also issued estimates for Aris Mining's FY2025 earnings at $1.02 EPS.
Aris Mining Price Performance
Shares of ARMN traded down $0.18 during trading hours on Thursday, hitting $4.04. 298,917 shares of the company were exchanged, compared to its average volume of 412,449. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.45 and a quick ratio of 1.13. Aris Mining has a one year low of $2.75 and a one year high of $5.16. The company has a market capitalization of $690.90 million, a PE ratio of -202.00 and a beta of 0.16. The firm has a fifty day simple moving average of $3.73 and a 200-day simple moving average of $4.16.
Institutional Trading of Aris Mining
A number of hedge funds have recently bought and sold shares of ARMN. International Assets Investment Management LLC purchased a new stake in shares of Aris Mining in the 3rd quarter valued at approximately $740,000. Van ECK Associates Corp lifted its stake in Aris Mining by 144.7% in the 3rd quarter. Van ECK Associates Corp now owns 15,932,334 shares of the company's stock worth $74,780,000 after acquiring an additional 9,422,597 shares in the last quarter. Aigen Investment Management LP grew its stake in Aris Mining by 192.1% during the 3rd quarter. Aigen Investment Management LP now owns 36,241 shares of the company's stock valued at $168,000 after acquiring an additional 23,833 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Aris Mining by 6.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,503,600 shares of the company's stock worth $11,587,000 after purchasing an additional 160,500 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Aris Mining during the third quarter valued at approximately $200,000. 35.81% of the stock is owned by hedge funds and other institutional investors.
Aris Mining Company Profile
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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.
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