Aris Mining Co. (NYSE:ARMN – Get Free Report) dropped 4.4% during mid-day trading on Friday . The stock traded as low as $3.95 and last traded at $3.95. Approximately 40,881 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 240,246 shares. The stock had previously closed at $4.13.
Analyst Ratings Changes
Separately, TheStreet lowered shares of Aris Mining from a “c” rating to a “d+” rating in a research report on Monday, March 18th.
Aris Mining Price Performance
The company has a market cap of $606.12 million and a P/E ratio of 79.20. The stock has a 50-day simple moving average of $4.11 and a 200 day simple moving average of $3.51. 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 – Get Free Report) last issued its earnings results on Tuesday, May 14th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter. On average, equities analysts expect that Aris Mining Co. will post 0.59 EPS for the current year.
Hedge Funds Weigh In On Aris Mining
Hedge funds and other institutional investors have recently made changes to their positions in the business. Invesco Ltd. acquired a new position in Aris Mining in the third quarter worth about $7,142,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Aris Mining during the 3rd quarter worth approximately $4,953,000. MMCAP International Inc. SPC acquired a new stake in Aris Mining in the 3rd quarter valued at $30,155,000. Ruffer LLP bought a new stake in Aris Mining in the third quarter valued at $11,641,000. Finally, 683 Capital Management LLC acquired a new position in Aris Mining during the third quarter worth $5,272,000. 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.