Aris Mining (NYSE:ARMN) Trading Up 2.8%

Aris Mining Co. (NYSE:ARMN) shot up 2.8% during mid-day trading on Tuesday . The company traded as high as $4.38 and last traded at $4.34. 31,106 shares were traded during trading, a decline of 88% from the average session volume of 256,509 shares. The stock had previously closed at $4.22.

Aris Mining Stock Performance

The stock’s 50-day moving average is $4.30 and its 200-day moving average is $3.96. The stock has a market cap of $723.89 million and a price-to-earnings ratio of 84.40. The company has a current ratio of 1.88, a quick ratio of 1.52 and a debt-to-equity ratio of 0.31.

Aris Mining (NYSE:ARMN) last issued its earnings results on Tuesday, August 13th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.07). Aris Mining had a return on equity of 6.00% and a net margin of 2.46%. The business had revenue of $117.19 million for the quarter. On average, analysts expect that Aris Mining Co. will post 0.59 EPS for the current year.

Institutional Trading of Aris Mining

Several hedge funds have recently modified their holdings of ARMN. Acadian Asset Management LLC lifted its stake in shares of 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 buying an additional 751,046 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Aris Mining in the first quarter valued at $79,000. Van ECK Associates Corp boosted its holdings in shares of 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 purchasing an additional 414,651 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Aris Mining in the fourth quarter valued at approximately $380,000. Finally, Baader Bank Aktiengesellschaft purchased a new position in shares of Aris Mining during the 4th quarter worth approximately $131,000. Institutional investors and hedge funds own 35.81% of the company’s stock.

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.