Aris Mining Co. (NYSE:ARMN – Get Free Report) shares saw strong trading volume on Monday . 179,393 shares were traded during trading, an increase of 8% from the previous session’s volume of 165,903 shares.The stock last traded at $3.84 and had previously closed at $3.94.
Analyst Upgrades and Downgrades
Separately, TheStreet lowered shares of Aris Mining from a “c” rating to a “d+” rating in a research note on Monday, March 18th.
View Our Latest Research Report on Aris Mining
Aris Mining Price Performance
Aris Mining (NYSE:ARMN – Get Free Report) last announced its earnings results on Wednesday, March 6th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.07). Aris Mining had a return on equity of 8.73% and a net margin of 2.09%. The business had revenue of $124.98 million for the quarter. As a group, equities research analysts forecast that Aris Mining Co. will post 0.61 earnings per share for the current year.
Hedge Funds Weigh In On Aris Mining
Institutional investors have recently modified their holdings of the stock. Lynwood Capital Management Inc. acquired a new stake in shares of Aris Mining in the third quarter valued at approximately $1,014,000. Private Advisor Group LLC acquired a new stake in shares of Aris Mining in the 3rd quarter valued at $45,000. Guild Investment Management Inc. bought a new stake in shares of Aris Mining during the third quarter worth $91,000. Metis Global Partners LLC acquired a new position in shares of Aris Mining during the third quarter valued at $47,000. Finally, Van ECK Associates Corp bought a new position in Aris Mining in the third quarter valued at about $15,638,000. 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.
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