Aris Mining (NYSE:ARMN) Sees Large Volume Increase

Shares of Aris Mining Co. (NYSE:ARMN - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 179,393 shares were traded during trading, an increase of 8% from the previous session's volume of 165,903 shares.The stock last traded at $3.84 and had previously closed at $3.94.

Analysts Set New Price Targets

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

Aris Mining Price Performance

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 capitalization of $573.47 million and a PE ratio of 193.50. The firm has a fifty day simple moving average of $3.31 and a 200 day simple moving average of $3.04.

Aris Mining (NYSE:ARMN - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $124.98 million during the quarter. Aris Mining had a return on equity of 8.73% and a net margin of 2.09%. Equities analysts anticipate that Aris Mining Co. will post 0.62 EPS for the current year.

Hedge Funds Weigh In On Aris Mining

Several institutional investors and hedge funds have recently modified their holdings of ARMN. Scotia Capital Inc. acquired a new position in Aris Mining during the third quarter worth $27,000. Sprott Inc. acquired a new stake in shares of Aris Mining during the 3rd quarter valued at approximately $33,000. Private Advisor Group LLC acquired a new position in shares of Aris Mining during the 3rd quarter worth approximately $45,000. Metis Global Partners LLC acquired a new position in shares of Aris Mining during the 3rd quarter worth approximately $47,000. Finally, Guild Investment Management Inc. purchased a new stake in Aris Mining in the 3rd quarter worth approximately $91,000. Hedge funds and other 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.