Q3 2024 EPS Estimates for Aris Mining Co. Lowered by Analyst (NYSE:ARMN)

Aris Mining Co. (NYSE:ARMN) – Stock analysts at Cormark decreased their Q3 2024 earnings per share estimates for shares of Aris Mining in a research note issued to investors on Wednesday, October 9th. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.16 for the quarter, down from their prior forecast of $0.26. The consensus estimate for Aris Mining’s current full-year earnings is $0.59 per share. Cormark also issued estimates for Aris Mining’s Q4 2024 earnings at $0.19 EPS, FY2024 earnings at $0.47 EPS, FY2025 earnings at $1.20 EPS and FY2026 earnings at $1.98 EPS.

Aris Mining Trading Up 0.7 %

NYSE:ARMN opened at $4.49 on Friday. The business’s 50-day moving average is $4.48 and its two-hundred day moving average is $4.20. The firm has a market capitalization of $759.82 million and a PE ratio of 89.80. Aris Mining has a 12 month low of $2.31 and a 12 month high of $5.16. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.88 and a quick ratio of 1.52.

Aris Mining (NYSE:ARMN) last issued its earnings results on Tuesday, August 13th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.07). Aris Mining had a net margin of 2.46% and a return on equity of 6.00%. The business had revenue of $117.19 million during the quarter.

Institutional Investors Weigh In On Aris Mining

Several hedge funds have recently modified their holdings of ARMN. Acadian Asset Management LLC boosted its position in Aris Mining by 192.1% in the 2nd quarter. Acadian Asset Management LLC now owns 3,908,717 shares of the company’s stock valued at $14,738,000 after buying an additional 2,570,400 shares during the last quarter. American Century Companies Inc. boosted its holdings in Aris Mining by 44.6% in the second quarter. American Century Companies Inc. now owns 1,410,505 shares of the company’s stock valued at $5,330,000 after purchasing an additional 435,277 shares during the last quarter. Van ECK Associates Corp grew its stake in Aris Mining by 6.8% during the 2nd quarter. Van ECK Associates Corp now owns 6,509,737 shares of the company’s stock valued at $24,604,000 after purchasing an additional 414,651 shares in the last quarter. Herr Investment Group LLC purchased a new stake in Aris Mining during the 1st quarter worth approximately $670,000. Finally, TD Asset Management Inc acquired a new position in shares of Aris Mining in the 2nd quarter valued at approximately $494,000. 35.81% of the stock is currently 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.