Aris Mining Co. (NYSE:ARMN - Free Report) - Stock analysts at Cormark lowered their FY2024 earnings estimates for Aris Mining in a report issued on Friday, January 17th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.37 for the year, down from their prior forecast of $0.40. The consensus estimate for Aris Mining's current full-year earnings is $0.37 per share. Cormark also issued estimates for Aris Mining's Q1 2025 earnings at $0.20 EPS, Q2 2025 earnings at $0.20 EPS, Q3 2025 earnings at $0.20 EPS, Q4 2025 earnings at $0.20 EPS and FY2025 earnings at $0.95 EPS.
Aris Mining Stock Down 1.9 %
Shares of NYSE ARMN traded down $0.07 during trading on Monday, hitting $3.62. The stock had a trading volume of 339,768 shares, compared to its average volume of 365,367. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.45 and a quick ratio of 1.13. The firm has a fifty day moving average of $3.79 and a two-hundred day moving average of $4.23. Aris Mining has a 12 month low of $2.60 and a 12 month high of $5.16. The company has a market capitalization of $619.06 million, a PE ratio of -181.00 and a beta of 0.15.
Institutional Investors Weigh In On Aris Mining
Hedge funds have recently made changes to their positions in the business. PDT Partners LLC bought a new stake in Aris Mining in the 3rd quarter valued at about $59,000. Centiva Capital LP purchased a new stake in shares of Aris Mining during the 3rd quarter valued at approximately $84,000. Virtu Financial LLC boosted its holdings in Aris Mining by 66.6% in the 3rd quarter. Virtu Financial LLC now owns 22,279 shares of the company's stock worth $102,000 after buying an additional 8,909 shares during the period. XTX Topco Ltd purchased a new position in Aris Mining in the 3rd quarter valued at approximately $129,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Aris Mining during the 3rd quarter valued at $129,000. 35.81% of the stock is currently owned by institutional investors.
About Aris Mining
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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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