Aris Mining (NYSE:ARMN) Stock Price Down 3.7%

Aris Mining Co. (NYSE:ARMN) shares dropped 3.7% on Friday . The stock traded as low as $4.73 and last traded at $4.74. Approximately 156,048 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 363,657 shares. The stock had previously closed at $4.92.

Aris Mining Stock Down 4.7 %

The company’s 50 day moving average price is $4.43 and its two-hundred day moving average price is $4.13. The company has a current ratio of 1.88, a quick ratio of 1.52 and a debt-to-equity ratio of 0.31. The firm has a market cap of $798.75 million and a PE ratio of 93.80.

Aris Mining (NYSE:ARMN) last released its 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 net margin of 2.46% and a return on equity of 6.00%. The company had revenue of $117.19 million for the quarter. On average, equities research analysts expect that Aris Mining Co. will post 0.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Acadian Asset Management LLC raised its stake in Aris Mining by 127.9% during the 1st quarter. Acadian Asset Management LLC now owns 1,338,317 shares of the company’s stock worth $4,790,000 after acquiring an additional 751,046 shares during the period. Virtu Financial LLC bought a new position in Aris Mining in the 1st quarter worth $79,000. Van ECK Associates Corp boosted its holdings in Aris Mining by 6.8% in the 2nd quarter. Van ECK Associates Corp now owns 6,509,737 shares of the company’s stock worth $24,604,000 after buying an additional 414,651 shares during the period. American Century Companies Inc. increased its stake in Aris Mining by 44.6% in the 2nd quarter. American Century Companies Inc. now owns 1,410,505 shares of the company’s stock worth $5,330,000 after buying an additional 435,277 shares in the last quarter. Finally, TD Asset Management Inc bought a new stake in Aris Mining during the second quarter valued at about $494,000. 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.