Aris Mining Co. (NYSE:ARMN - Free Report) - Investment analysts at Cormark cut their Q3 2024 EPS estimates for shares of Aris Mining in a report issued on Wednesday, October 9th. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.16 per share for the quarter, down from their previous estimate of $0.26. The consensus estimate for Aris Mining's current full-year earnings is $0.59 per share. Cormark also issued estimates for Aris Mining's Q4 2024 earnings at $0.19 EPS, FY2024 earnings at $0.47 EPS, FY2025 earnings at $1.20 EPS and FY2026 earnings at $1.98 EPS.
Aris Mining Stock Up 0.7 %
NYSE ARMN traded up $0.03 during trading on Friday, hitting $4.49. The stock had a trading volume of 376,298 shares, compared to its average volume of 372,803. The company has a market capitalization of $759.82 million and a PE ratio of 89.20. Aris Mining has a 12 month low of $2.31 and a 12 month high of $5.16. The company's 50-day moving average price is $4.47 and its two-hundred day moving average price is $4.19. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.52 and a current ratio of 1.88.
Aris Mining (NYSE:ARMN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.07). The firm had revenue of $117.19 million during the quarter. Aris Mining had a net margin of 2.46% and a return on equity of 6.00%.
Institutional Investors Weigh In On Aris Mining
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp acquired a new position in shares of Aris Mining during the 2nd quarter worth approximately $220,000. American Century Companies Inc. raised its position in Aris Mining by 44.6% during the second quarter. American Century Companies Inc. now owns 1,410,505 shares of the company's stock worth $5,330,000 after acquiring an additional 435,277 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Aris Mining by 192.1% in the second quarter. Acadian Asset Management LLC now owns 3,908,717 shares of the company's stock valued at $14,738,000 after acquiring an additional 2,570,400 shares during the last quarter. TD Asset Management Inc bought a new position in shares of Aris Mining in the 2nd quarter valued at about $494,000. Finally, Van ECK Associates Corp increased its stake in shares of Aris Mining by 6.8% during the 2nd quarter. Van ECK Associates Corp now owns 6,509,737 shares of the company's stock worth $24,604,000 after purchasing an additional 414,651 shares during the last quarter. 35.81% of the stock is currently owned by institutional investors and hedge funds.
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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