Aris Mining (NYSE:ARMN) Hits New 12-Month High at $4.60

Aris Mining Co. (NYSE:ARMN)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $4.60 and last traded at $4.50, with a volume of 56947 shares traded. The stock had previously closed at $4.48.

Wall Street Analysts Forecast Growth

Separately, TheStreet downgraded shares of Aris Mining from a “c” rating to a “d+” rating in a report on Monday, March 18th.

Aris Mining Stock Down 0.2 %

The company has a market capitalization of $768.30 million and a P/E ratio of 13.00. The business’s fifty day moving average price is $4.15 and its 200 day moving average price is $3.60. The company has a current ratio of 1.92, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54.

Aris Mining (NYSE:ARMN) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.07). Aris Mining had a net margin of 3.06% and a return on equity of 7.64%. The firm had revenue of $107.62 million for the quarter. As a group, equities research analysts predict that Aris Mining Co. will post 0.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aris Mining

Several institutional investors have recently added to or reduced their stakes in ARMN. Virtu Financial LLC bought a new position in Aris Mining during the 1st quarter valued at about $79,000. Baader Bank Aktiengesellschaft acquired a new stake in Aris Mining in the 4th quarter valued at about $131,000. Quadrature Capital Ltd acquired a new stake in Aris Mining in the 1st quarter valued at about $165,000. International Assets Investment Management LLC acquired a new stake in Aris Mining in the 4th quarter valued at about $380,000. Finally, Mackenzie Financial Corp acquired a new stake in Aris Mining in the 4th quarter valued at about $632,000. 35.81% of the stock is owned by institutional investors.

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.