Q4 EPS Estimates for Aris Mining Decreased by Analyst

Aris Mining Co. (NYSE:ARMN) – Research analysts at National Bank Financial cut their Q4 2024 earnings estimates for Aris Mining in a research report issued to clients and investors on Monday, February 10th. National Bank Financial analyst D. Demarco now anticipates that the company will earn $0.17 per share for the quarter, down from their previous estimate of $0.18. The consensus estimate for Aris Mining’s current full-year earnings is $0.36 per share. National Bank Financial also issued estimates for Aris Mining’s FY2025 earnings at $1.02 EPS.

Aris Mining Price Performance

Shares of NYSE ARMN opened at $4.16 on Thursday. The firm’s 50-day simple moving average is $3.71 and its 200 day simple moving average is $4.16. The stock has a market cap of $711.40 million, a P/E ratio of -208.00 and a beta of 0.16. The company has a quick ratio of 1.13, a current ratio of 1.45 and a debt-to-equity ratio of 0.32. Aris Mining has a fifty-two week low of $2.75 and a fifty-two week high of $5.16.

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

Institutional Trading of Aris Mining

Institutional investors have recently made changes to their positions in the stock. PDT Partners LLC acquired a new position in shares of Aris Mining during the third quarter valued at approximately $59,000. International Assets Investment Management LLC acquired a new position in shares of Aris Mining during the 3rd quarter valued at $740,000. Centiva Capital LP bought a new stake in shares of Aris Mining in the 3rd quarter worth $84,000. Virtu Financial LLC boosted its stake in Aris Mining by 66.6% during the third quarter. Virtu Financial LLC now owns 22,279 shares of the company’s stock valued at $102,000 after buying an additional 8,909 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Aris Mining during the third quarter worth about $129,000. 35.81% of the stock is owned by institutional investors and hedge funds.

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.