Aris Mining Co. (NYSE:ARMN – Get Free Report)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $4.32 and last traded at $4.25, with a volume of 304352 shares changing hands. The stock had previously closed at $4.21.
Wall Street Analysts Forecast Growth
Separately, TheStreet cut shares of Aris Mining from a “c” rating to a “d+” rating in a research note on Monday, March 18th.
View Our Latest Report on Aris Mining
Aris Mining Stock Up 2.6 %
Aris Mining (NYSE:ARMN – Get Free Report) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.07). The company had revenue of $124.98 million during the quarter. Aris Mining had a net margin of 2.09% and a return on equity of 8.73%. As a group, research analysts expect that Aris Mining Co. will post 0.61 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the business. MMCAP International Inc. SPC bought a new stake in Aris Mining in the third quarter valued at approximately $30,155,000. Van ECK Associates Corp bought a new stake in shares of Aris Mining in the 3rd quarter valued at $15,638,000. Ruffer LLP acquired a new stake in shares of Aris Mining during the third quarter worth $11,641,000. Invesco Ltd. bought a new position in Aris Mining during the third quarter worth $7,142,000. Finally, 683 Capital Management LLC acquired a new position in Aris Mining in the third quarter valued at $5,272,000. 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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