Aris Mining Co. (NYSE:ARMN - Free Report) - Equities researchers at National Bank Financial cut their Q3 2024 EPS estimates for shares of Aris Mining in a research note issued to investors on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings of $0.11 per share for the quarter, down from their prior forecast of $0.14. The consensus estimate for Aris Mining's current full-year earnings is $0.52 per share. National Bank Financial also issued estimates for Aris Mining's FY2025 earnings at $0.74 EPS.
Aris Mining Stock Performance
ARMN stock remained flat at $4.70 during trading on Thursday. The company had a trading volume of 342,119 shares, compared to its average volume of 372,398. The company has a current ratio of 1.88, a quick ratio of 1.52 and a debt-to-equity ratio of 0.31. Aris Mining has a fifty-two week low of $2.32 and a fifty-two week high of $5.16. The business's fifty day simple moving average is $4.59 and its 200 day simple moving average is $4.27. The firm has a market capitalization of $799.61 million and a price-to-earnings ratio of 58.88.
Aris Mining (NYSE:ARMN - Get Free Report) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.07). The company had revenue of $117.19 million for the quarter. Aris Mining had a return on equity of 6.00% and a net margin of 2.46%.
Hedge Funds Weigh In On Aris Mining
A number of institutional investors have recently modified their holdings of ARMN. International Assets Investment Management LLC bought a new stake in shares of Aris Mining during the third quarter worth about $740,000. Mackenzie Financial Corp bought a new stake in Aris Mining during the 2nd quarter worth approximately $220,000. American Century Companies Inc. raised its stake in shares of Aris Mining by 44.6% in the second quarter. American Century Companies Inc. now owns 1,410,505 shares of the company's stock worth $5,330,000 after purchasing an additional 435,277 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of 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 purchasing an additional 2,570,400 shares in the last quarter. Finally, TD Asset Management Inc purchased a new position in shares of Aris Mining during the second quarter valued at approximately $494,000. 35.81% of the stock is owned by institutional investors and hedge funds.
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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