Shares of Aris Mining Co. (NYSE:ARMN – Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $4.02 and last traded at $4.00, with a volume of 208296 shares changing hands. The stock had previously closed at $3.91.
Wall Street Analyst Weigh In
Separately, TheStreet lowered shares of Aris Mining from a “c” rating to a “d+” rating in a research note on Monday, March 18th.
Get Our Latest Report on Aris Mining
Aris Mining Price Performance
Aris Mining (NYSE:ARMN – Get Free Report) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.07). The firm had revenue of $124.98 million for the quarter. Aris Mining had a return on equity of 8.73% and a net margin of 2.09%. As a group, research analysts anticipate that Aris Mining Co. will post 0.61 EPS for the current fiscal year.
Institutional Trading of Aris Mining
Institutional investors and hedge funds have recently made changes to their positions in the business. Ruffer LLP bought a new stake in shares of Aris Mining during the third quarter worth $11,641,000. Van ECK Associates Corp bought a new stake in shares of Aris Mining in the third quarter valued at about $15,638,000. Lynwood Capital Management Inc. bought a new stake in shares of Aris Mining in the third quarter valued at about $1,014,000. Invesco Ltd. bought a new stake in shares of Aris Mining in the third quarter valued at about $7,142,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Aris Mining in the third quarter valued at about $4,953,000. 35.81% of the stock is currently 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.
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