Shares of Aris Mining Co. (NYSE:ARMN – Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as $4.02 and last traded at $4.00, with a volume of 208296 shares traded. The stock had previously closed at $3.91.
Wall Street Analysts Forecast Growth
Separately, TheStreet cut Aris Mining from a “c” rating to a “d+” rating in a report on Monday, March 18th.
View Our Latest Stock Analysis on ARMN
Aris Mining Stock Up 2.3 %
Aris Mining (NYSE:ARMN – Get Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.07). The company had revenue of $124.98 million for the quarter. Aris Mining had a return on equity of 8.73% and a net margin of 2.09%. Analysts predict that Aris Mining Co. will post 0.61 EPS for the current year.
Institutional Investors Weigh In On Aris Mining
Hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC purchased a new stake in Aris Mining in the fourth quarter valued at about $380,000. Scotia Capital Inc. purchased a new stake in Aris Mining in the third quarter valued at about $27,000. Sprott Inc. purchased a new stake in Aris Mining in the third quarter valued at about $33,000. Private Advisor Group LLC purchased a new stake in Aris Mining in the third quarter valued at about $45,000. Finally, Metis Global Partners LLC purchased a new stake in Aris Mining in the third quarter valued at about $47,000. 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.
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