Aris Mining (NYSE:ARMN) Sees Strong Trading Volume

Shares of Aris Mining Co. (NYSE:ARMN - Get Free Report) saw an uptick in trading volume on Monday . 114,698 shares traded hands during trading, a decline of 35% from the previous session's volume of 177,646 shares.The stock last traded at $4.07 and had previously closed at $4.06.

Wall Street Analysts Forecast Growth

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

Aris Mining Stock Up 2.2 %

The business's fifty day moving average price is $3.39 and its 200 day moving average price is $3.09. The company has a market capitalization of $614.95 million and a P/E ratio of 206.00. The company has a current ratio of 2.15, a quick ratio of 1.86 and a debt-to-equity ratio of 0.55.

Aris Mining (NYSE:ARMN - Get Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.07). Aris Mining had a net margin of 2.09% and a return on equity of 8.73%. The firm had revenue of $124.98 million for the quarter. As a group, equities research analysts predict that Aris Mining Co. will post 0.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aris Mining

Several institutional investors have recently added to or reduced their stakes in the company. Baader Bank Aktiengesellschaft bought a new position in Aris Mining during the 4th quarter valued at about $131,000. Mackenzie Financial Corp bought a new position in Aris Mining during the 4th quarter valued at about $632,000. International Assets Investment Management LLC bought a new position in Aris Mining during the 4th quarter valued at about $380,000. Sprott Inc. bought a new position in Aris Mining during the 3rd quarter valued at about $33,000. Finally, Scotia Capital Inc. bought a new position in Aris Mining during the 3rd quarter valued at about $27,000. 35.81% of the stock is owned by institutional investors.

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.