Q2 2024 Earnings Forecast for Aris Mining Co. Issued By National Bank Financial (NYSE:ARMN)

Aris Mining Co. (NYSE:ARMN) – Equities research analysts at National Bank Financial lifted their Q2 2024 earnings estimates for Aris Mining in a report issued on Tuesday, July 16th. National Bank Financial analyst D. Demarco now anticipates that the company will post earnings of $0.15 per share for the quarter, up from their previous estimate of $0.13. The consensus estimate for Aris Mining’s current full-year earnings is $0.64 per share. National Bank Financial also issued estimates for Aris Mining’s FY2024 earnings at $0.54 EPS.

Aris Mining (NYSE:ARMN) last posted its quarterly earnings results on Tuesday, May 14th. The company reported $0.04 earnings per share 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 company had revenue of $107.62 million during the quarter.

Aris Mining Trading Down 6.9 %

NYSE:ARMN opened at $4.32 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.92 and a quick ratio of 1.61. The firm has a 50-day moving average of $4.17 and a 200-day moving average of $3.63. The company has a market cap of $731.07 million and a PE ratio of 13.26. Aris Mining has a one year low of $2.16 and a one year high of $4.67.

Institutional Investors Weigh In On Aris Mining

Several hedge funds and other institutional investors have recently made changes to their positions in ARMN. International Assets Investment Management LLC purchased a new position in Aris Mining during the fourth quarter worth about $380,000. Virtu Financial LLC purchased a new position in Aris Mining during the first quarter worth about $79,000. Baader Bank Aktiengesellschaft purchased a new position in Aris Mining in the fourth quarter valued at about $131,000. Quadrature Capital Ltd purchased a new position in Aris Mining in the first quarter valued at about $165,000. Finally, Herr Investment Group LLC purchased a new position in Aris Mining in the first quarter valued at about $670,000. 35.81% of the stock is owned by 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.