Aris Mining Co. (NYSE:ARMN - Get Free Report)'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $3.66, but opened at $3.77. Aris Mining shares last traded at $3.62, with a volume of 61,520 shares traded.
Wall Street Analysts Forecast Growth
Separately, TheStreet downgraded Aris Mining from a "c" rating to a "d+" rating in a research note on Monday, March 18th.
View Our Latest Stock Analysis on ARMN
Aris Mining Stock Performance
The stock has a fifty day moving average price of $3.22 and a two-hundred day moving average price of $2.96. The company has a market cap of $511.94 million and a P/E ratio of 9.36. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.15 and a quick ratio of 1.86.
Aris Mining (NYSE:ARMN - Get Free Report) last released its quarterly earnings results on Wednesday, March 6th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.07). The firm had revenue of $124.98 million during the quarter. On average, equities analysts forecast that Aris Mining Co. will post 0.63 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Aris Mining
A number of hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC bought a new stake in Aris Mining during the fourth quarter worth approximately $380,000. Scotia Capital Inc. bought a new stake in Aris Mining during the third quarter worth approximately $27,000. Sprott Inc. bought a new stake in Aris Mining during the third quarter worth approximately $33,000. Citadel Advisors LLC bought a new stake in Aris Mining during the fourth quarter worth approximately $56,000. Finally, Private Advisor Group LLC acquired a new position in Aris Mining in the third quarter worth approximately $45,000. Institutional investors own 35.81% of the company's stock.
About Aris Mining
(
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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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