Aris Mining Co. (NYSE:ARMN - Free Report) - Research analysts at Cormark cut their Q1 2024 EPS estimates for shares of Aris Mining in a note issued to investors on Wednesday, April 17th. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.14 per share for the quarter, down from their previous forecast of $0.17. The consensus estimate for Aris Mining's current full-year earnings is $0.63 per share. Cormark also issued estimates for Aris Mining's FY2024 earnings at $0.64 EPS and FY2025 earnings at $1.31 EPS.
Separately, TheStreet lowered shares of Aris Mining from a "c" rating to a "d+" rating in a report on Monday, March 18th.
Check Out Our Latest Stock Report on Aris Mining
Aris Mining Stock Up 3.8 %
Shares of NYSE:ARMN traded up $0.14 during midday trading on Thursday, hitting $3.82. 204,621 shares of the company's stock traded hands, compared to its average volume of 161,026. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.86 and a current ratio of 2.15. The company has a market cap of $540.23 million and a PE ratio of 191.00. The firm's fifty day moving average price is $3.27 and its two-hundred day moving average price is $3.01. Aris Mining has a twelve month low of $2.16 and a twelve month high of $3.86.
Aris Mining (NYSE:ARMN - Get Free Report) last posted its earnings results on Wednesday, March 6th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.07). The business had revenue of $124.98 million for the quarter. Aris Mining had a net margin of 2.09% and a return on equity of 8.73%.
Hedge Funds Weigh In On Aris Mining
Institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in Aris Mining in the 4th quarter worth $380,000. Scotia Capital Inc. acquired a new stake in shares of Aris Mining in the 3rd quarter valued at about $27,000. Sprott Inc. acquired a new stake in shares of Aris Mining in the 3rd quarter valued at about $33,000. Citadel Advisors LLC bought a new stake in shares of Aris Mining during the 4th quarter valued at about $56,000. Finally, Private Advisor Group LLC bought a new stake in shares of Aris Mining during the 3rd quarter valued at about $45,000. Institutional investors and hedge funds own 35.81% of the company's stock.
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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