Aris Mining Q3 EPS Reduced by National Bank Financial

Aris Mining Co. (NYSE:ARMN) – Equities research analysts at National Bank Financial reduced their Q3 2024 earnings per share estimates for shares of Aris Mining in a research report issued on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now anticipates that the company will post earnings per share of $0.11 for the quarter, down from their prior estimate of $0.14. The consensus estimate for Aris Mining’s current full-year earnings is $0.52 per share. National Bank Financial also issued estimates for Aris Mining’s FY2025 earnings at $0.74 EPS.

Aris Mining (NYSE:ARMN) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.07). The firm had revenue of $117.19 million for the quarter. Aris Mining had a net margin of 2.46% and a return on equity of 6.00%.

Aris Mining Stock Performance

ARMN opened at $4.71 on Thursday. The firm has a market cap of $802.16 million and a PE ratio of 15.25. The company has a quick ratio of 1.52, a current ratio of 1.88 and a debt-to-equity ratio of 0.31. The business has a fifty day simple moving average of $4.59 and a 200-day simple moving average of $4.27. Aris Mining has a fifty-two week low of $2.32 and a fifty-two week high of $5.16.

Institutional Investors Weigh In On Aris Mining

Several large investors have recently modified their holdings of the stock. Van ECK Associates Corp boosted its stake in shares of Aris Mining by 6.8% during the 2nd quarter. Van ECK Associates Corp now owns 6,509,737 shares of the company’s stock worth $24,604,000 after acquiring an additional 414,651 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Aris Mining by 192.1% during the 2nd quarter. Acadian Asset Management LLC now owns 3,908,717 shares of the company’s stock worth $14,738,000 after acquiring an additional 2,570,400 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Aris Mining by 44.6% during the 2nd quarter. American Century Companies Inc. now owns 1,410,505 shares of the company’s stock worth $5,330,000 after acquiring an additional 435,277 shares in the last quarter. Herr Investment Group LLC bought a new stake in shares of Aris Mining during the 1st quarter worth $670,000. Finally, TD Asset Management Inc bought a new stake in shares of Aris Mining during the 2nd quarter worth $494,000. 35.81% of the stock is owned by institutional investors.

About Aris Mining

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.