Aris Mining (NYSE:ARMN) Sets New 52-Week High at $3.86

Shares of Aris Mining Co. (NYSE:ARMN - Get Free Report) reached a new 52-week high on Friday . The stock traded as high as $3.86 and last traded at $3.86, with a volume of 38109 shares traded. The stock had previously closed at $3.82.

Analyst Upgrades and Downgrades

Separately, TheStreet cut Aris Mining from a "c" rating to a "d+" rating in a research report on Monday, March 18th.

Aris Mining Stock Up 3.1 %

The company has a current ratio of 2.15, a quick ratio of 1.86 and a debt-to-equity ratio of 0.55. The stock has a market cap of $557.19 million and a P/E ratio of 197.00. The firm has a 50-day simple moving average of $3.27 and a two-hundred day simple moving average of $3.01.

Aris Mining (NYSE:ARMN - Get Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.07). Aris Mining had a return on equity of 8.73% and a net margin of 2.09%. The company had revenue of $124.98 million during the quarter. Equities research analysts expect that Aris Mining Co. will post 0.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Scotia Capital Inc. bought a new position in shares of Aris Mining in the third quarter worth $27,000. Sprott Inc. acquired a new stake in Aris Mining in the third quarter valued at about $33,000. Private Advisor Group LLC acquired a new stake in Aris Mining in the third quarter valued at about $45,000. Metis Global Partners LLC acquired a new stake in Aris Mining in the third quarter valued at about $47,000. Finally, Citadel Advisors LLC acquired a new stake in Aris Mining in the fourth quarter valued at about $56,000. Institutional investors own 35.81% of the company's stock.

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.