Shares of Aris Mining Co. (NYSE:ARMN – Get Free Report) saw strong trading volume on Monday . 114,698 shares traded hands during mid-day trading, a decline of 35% from the previous session’s volume of 177,646 shares.The stock last traded at $4.07 and had previously closed at $4.06.
Analyst Ratings Changes
Separately, TheStreet downgraded shares of Aris Mining from a “c” rating to a “d+” rating in a research note on Monday, March 18th.
Check Out Our Latest Stock Analysis on Aris Mining
Aris Mining Price Performance
Aris Mining (NYSE:ARMN – Get Free Report) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.07). Aris Mining had a net margin of 2.09% and a return on equity of 8.73%. The business had revenue of $124.98 million for the quarter. As a group, analysts expect that Aris Mining Co. will post 0.61 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Aris Mining
A number of hedge funds and other institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC bought a new position in shares of Aris Mining during the fourth quarter valued at approximately $380,000. Scotia Capital Inc. bought a new position in shares of Aris Mining during the third quarter valued at approximately $27,000. Sprott Inc. bought a new position in shares of Aris Mining during the third quarter valued at approximately $33,000. Private Advisor Group LLC bought a new position in shares of Aris Mining during the third quarter valued at approximately $45,000. Finally, Metis Global Partners LLC bought a new position in shares of Aris Mining during the third quarter valued at approximately $47,000. 35.81% of the stock is currently 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.
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