Q3 EPS Estimates for Aris Mining Reduced by Analyst

Aris Mining Co. (NYSE:ARMN) – Research analysts at National Bank Financial lowered their Q3 2024 earnings per share estimates for shares of Aris Mining in a research note issued to investors on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now anticipates that the company will earn $0.11 per share for the quarter, down from their previous estimate of $0.14. The consensus estimate for Aris Mining’s current full-year earnings is $0.52 per share. National Bank Financial also issued estimates for Aris Mining’s FY2025 earnings at $0.74 EPS.

Aris Mining Stock Performance

Shares of NYSE ARMN opened at $4.70 on Thursday. Aris Mining has a one year low of $2.32 and a one year high of $5.16. The firm has a market capitalization of $799.61 million and a PE ratio of 58.88. The company has a current ratio of 1.88, a quick ratio of 1.52 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of $4.59 and a two-hundred day moving average price of $4.27.

Aris Mining (NYSE:ARMN) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.08 EPS 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.

Institutional Investors Weigh In On Aris Mining

Institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC boosted its position in 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 acquiring an additional 751,046 shares during the period. Virtu Financial LLC acquired a new stake in shares of Aris Mining during the 1st quarter valued at about $79,000. Van ECK Associates Corp lifted its holdings in shares of Aris Mining by 6.8% during the 2nd quarter. Van ECK Associates Corp now owns 6,509,737 shares of the company’s stock valued at $24,604,000 after buying an additional 414,651 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Aris Mining by 44.6% during the 2nd quarter. American Century Companies Inc. now owns 1,410,505 shares of the company’s stock valued at $5,330,000 after buying an additional 435,277 shares during the last quarter. Finally, TD Asset Management Inc acquired a new stake in shares of Aris Mining during the 2nd quarter valued at about $494,000. 35.81% of the stock is currently owned by institutional investors and hedge funds.

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.