Aris Mining (NYSE:ARMN) Trading 5.2% Higher – What’s Next?

Aris Mining Co. (NYSE:ARMN)’s stock price was up 5.2% during mid-day trading on Thursday . The stock traded as high as $4.03 and last traded at $4.03. Approximately 385,091 shares were traded during trading, an increase of 1% from the average daily volume of 381,576 shares. The stock had previously closed at $3.83.

Aris Mining Stock Performance

The business has a 50 day simple moving average of $4.58 and a 200 day simple moving average of $4.34. The company has a market capitalization of $681.24 million, a PE ratio of -191.50 and a beta of 0.35. The company has a quick ratio of 1.52, a current ratio of 1.88 and a debt-to-equity ratio of 0.31.

Aris Mining (NYSE:ARMN) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.07). Aris Mining had a negative net margin of 0.66% and a positive return on equity of 5.45%. The firm had revenue of $117.19 million for the quarter. Equities research analysts predict that Aris Mining Co. will post 0.43 EPS for the current fiscal year.

Institutional Trading of Aris Mining

Several large investors have recently made changes to their positions in the business. Van ECK Associates Corp lifted its position in Aris Mining by 144.7% during the third quarter. Van ECK Associates Corp now owns 15,932,334 shares of the company’s stock valued at $74,780,000 after purchasing an additional 9,422,597 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Aris Mining by 192.1% in the second quarter. Acadian Asset Management LLC now owns 3,908,717 shares of the company’s stock worth $14,738,000 after buying an additional 2,570,400 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Aris Mining by 6.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,503,600 shares of the company’s stock worth $11,587,000 after acquiring an additional 160,500 shares during the period. American Century Companies Inc. increased its holdings 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 valued at $5,330,000 after purchasing an additional 435,277 shares in the last quarter. Finally, Herr Investment Group LLC purchased a new position in Aris Mining in the first quarter valued at $670,000. 35.81% of the stock is 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.