Aris Mining (NYSE:ARMN) Trading Down 3.7%

Aris Mining Co. (NYSE:ARMN - Get Free Report) shares were down 3.7% during mid-day trading on Friday . The stock traded as low as $4.73 and last traded at $4.74. Approximately 156,048 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 363,657 shares. The stock had previously closed at $4.92.

Aris Mining Price Performance

The business has a fifty day moving average price of $4.43 and a 200 day moving average price of $4.13. The company has a market cap of $798.75 million and a price-to-earnings ratio of 93.80. 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 posted its 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). Aris Mining had a return on equity of 6.00% and a net margin of 2.46%. The company had revenue of $117.19 million during the quarter. As a group, research analysts anticipate that Aris Mining Co. will post 0.59 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ARMN. Banque Cantonale Vaudoise acquired a new position in shares of Aris Mining in the second quarter valued at approximately $51,000. Virtu Financial LLC bought a new position in shares of Aris Mining during the first quarter valued at $79,000. Quadrature Capital Ltd acquired a new position in shares of Aris Mining during the first quarter worth $165,000. Mackenzie Financial Corp bought a new stake in shares of Aris Mining in the second quarter worth $220,000. Finally, TD Asset Management Inc bought a new position in Aris Mining during the 2nd quarter worth $494,000. 35.81% of the stock is currently owned by institutional investors and hedge funds.

Aris Mining Company Profile

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.