Aris Mining (NYSE:ARMN) Trading 3.6% Higher

Aris Mining Co. (NYSE:ARMN) rose 3.6% during trading on Monday . The stock traded as high as $4.05 and last traded at $4.01. Approximately 37,572 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 240,752 shares. The stock had previously closed at $3.87.

Aris Mining Trading Up 4.1 %

The stock has a 50-day moving average price of $4.11 and a two-hundred day moving average price of $3.75. The stock has a market capitalization of $681.98 million and a PE ratio of 77.40. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 1.92.

Aris Mining (NYSE:ARMN) last announced its quarterly earnings data on Tuesday, May 14th. The company reported $0.04 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 analysts forecast that Aris Mining Co. will post 0.63 earnings per share for the current year.

Hedge Funds Weigh In On Aris Mining

A number of hedge funds have recently made changes to their positions in ARMN. Banque Cantonale Vaudoise purchased a new position in Aris Mining in the 2nd quarter worth approximately $51,000. Virtu Financial LLC purchased a new stake in Aris Mining in the 1st quarter worth $79,000. Baader Bank Aktiengesellschaft bought a new position in shares of Aris Mining during the 4th quarter valued at about $131,000. Quadrature Capital Ltd purchased a new position in shares of Aris Mining during the first quarter valued at about $165,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Aris Mining in the fourth quarter worth about $380,000. Institutional investors own 35.81% of the company’s stock.

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.