Aris Mining (NYSE:ARMN) Shares Gap Up to $4.60

Aris Mining Co. (NYSE:ARMN) shares gapped up before the market opened on Tuesday . The stock had previously closed at $4.60, but opened at $4.71. Aris Mining shares last traded at $4.69, with a volume of 16,772 shares changing hands.

Aris Mining Stock Performance

The business’s fifty day moving average price is $4.43 and its 200-day moving average price is $4.14. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.88 and a quick ratio of 1.52. The stock has a market capitalization of $788.54 million and a PE ratio of 92.00.

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

Institutional Trading of Aris Mining

Several institutional investors and hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC raised its position 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 valued at $4,790,000 after buying an additional 751,046 shares in the last quarter. Virtu Financial LLC bought a new position in Aris Mining in the first quarter valued at $79,000. Van ECK Associates Corp raised its position in Aris Mining by 6.8% during the second quarter. Van ECK Associates Corp now owns 6,509,737 shares of the company’s stock valued at $24,604,000 after purchasing an additional 414,651 shares in the last quarter. American Century Companies Inc. lifted its stake in Aris Mining by 44.6% during the second quarter. American Century Companies Inc. now owns 1,410,505 shares of the company’s stock worth $5,330,000 after purchasing an additional 435,277 shares during the last quarter. Finally, TD Asset Management Inc purchased a new position in shares of Aris Mining in the 2nd quarter worth about $494,000. Hedge funds and other institutional investors 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.