Aris Mining Co. (NYSE:ARMN - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $4.60, but opened at $4.71. Aris Mining shares last traded at $4.69, with a volume of 16,772 shares.
Aris Mining Stock Up 1.1 %
The stock has a fifty day moving average price of $4.43 and a two-hundred day moving average price of $4.14. The firm has a market capitalization of $791.94 million and a P/E ratio of 93.00. 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 released its quarterly earnings data on Tuesday, August 13th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.07). The business 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%. Research analysts forecast that Aris Mining Co. will post 0.59 EPS for the current year.
Institutional Investors Weigh In On Aris Mining
A number of hedge funds have recently added to or reduced their stakes in the stock. Banque Cantonale Vaudoise bought a new position in Aris Mining in the 2nd quarter worth approximately $51,000. Virtu Financial LLC bought a new position in shares of Aris Mining in the first quarter worth $79,000. Quadrature Capital Ltd acquired a new position in shares of Aris Mining during the first quarter valued at $165,000. Mackenzie Financial Corp bought a new stake in shares of Aris Mining during the second quarter valued at about $220,000. Finally, TD Asset Management Inc acquired a new stake in Aris Mining in the second quarter worth about $494,000. 35.81% of the stock is currently owned by institutional investors.
About Aris Mining
(
Get Free Report)
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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