Cormark Has Negative Outlook of Aris Mining FY2024 Earnings

Aris Mining Co. (NYSE:ARMN) – Stock analysts at Cormark dropped their FY2024 earnings estimates for shares of Aris Mining in a research note issued on Friday, January 17th. Cormark analyst R. Gray now expects that the company will post earnings of $0.37 per share for the year, down from their prior forecast of $0.40. The consensus estimate for Aris Mining’s current full-year earnings is $0.36 per share. Cormark also issued estimates for Aris Mining’s Q1 2025 earnings at $0.20 EPS, Q2 2025 earnings at $0.20 EPS, Q3 2025 earnings at $0.20 EPS, Q4 2025 earnings at $0.20 EPS and FY2025 earnings at $0.95 EPS.

Aris Mining Trading Up 2.5 %

Aris Mining stock opened at $3.71 on Monday. The stock has a market cap of $634.45 million, a P/E ratio of -185.50 and a beta of 0.15. Aris Mining has a fifty-two week low of $2.60 and a fifty-two week high of $5.16. The firm’s fifty day moving average price is $3.78 and its 200-day moving average price is $4.22. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.13 and a current ratio of 1.45.

Aris Mining (NYSE:ARMN) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.06). The firm had revenue of $134.72 million during the quarter. Aris Mining had a positive return on equity of 4.97% and a negative net margin of 0.66%.

Institutional Trading of Aris Mining

Several institutional investors have recently added to or reduced their stakes in ARMN. PDT Partners LLC purchased a new stake in Aris Mining during the third quarter valued at about $59,000. Centiva Capital LP purchased a new stake in shares of Aris Mining during the third quarter worth about $84,000. Virtu Financial LLC boosted its holdings in shares of Aris Mining by 66.6% during the third quarter. Virtu Financial LLC now owns 22,279 shares of the company’s stock worth $102,000 after purchasing an additional 8,909 shares during the period. XTX Topco Ltd purchased a new stake in shares of Aris Mining during the third quarter worth about $129,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Aris Mining during the third quarter worth about $129,000. 35.81% of the stock is currently owned by hedge funds and other 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.