Aris Mining Co. (NYSE:ARMN - Get Free Report)'s share price was down 3% during mid-day trading on Monday . The company traded as low as $4.49 and last traded at $4.50. Approximately 241,801 shares were traded during trading, a decline of 35% from the average daily volume of 371,502 shares. The stock had previously closed at $4.64.
Aris Mining Stock Performance
The company has a debt-to-equity ratio of 0.31, a current ratio of 1.88 and a quick ratio of 1.52. The company has a market cap of $778.32 million and a P/E ratio of 57.13. The stock has a fifty day moving average price of $4.61 and a two-hundred day moving average price of $4.29.
Aris Mining (NYSE:ARMN - Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.08 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 net margin of 2.46% and a return on equity of 6.00%. On average, equities analysts forecast that Aris Mining Co. will post 0.52 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Aris Mining
Several hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC lifted its stake in Aris Mining by 192.1% during the second quarter. Acadian Asset Management LLC now owns 3,908,717 shares of the company's stock valued at $14,738,000 after buying an additional 2,570,400 shares in the last quarter. American Century Companies Inc. lifted its position 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 buying an additional 435,277 shares during the last quarter. Van ECK Associates Corp boosted 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 acquiring an additional 414,651 shares in the last quarter. Herr Investment Group LLC acquired a new position in Aris Mining during the first quarter valued at approximately $670,000. Finally, TD Asset Management Inc acquired a new position in Aris Mining in the 2nd quarter valued at $494,000. Institutional investors and hedge funds own 35.81% of the company's stock.
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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