Cormark Equities Analysts Cut Earnings Estimates for Aris Mining Corporation (TSE:ARI)

Aris Mining Corporation (TSE:ARI) – Equities research analysts at Cormark lowered their Q3 2024 earnings estimates for shares of Aris Mining in a report issued on Wednesday, October 9th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.22 for the quarter, down from their prior estimate of $0.35. Cormark also issued estimates for Aris Mining’s Q4 2024 earnings at $0.26 EPS, FY2024 earnings at $0.64 EPS, FY2025 earnings at $1.63 EPS and FY2026 earnings at $2.69 EPS.

Aris Mining Stock Performance

Aris Mining (TSE:ARI) last issued its quarterly earnings data on Tuesday, August 13th. The company reported C$0.11 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.21 by C($0.10). The firm had revenue of C$160.34 million during the quarter.

Insider Buying and Selling

In other news, Senior Officer Richard Orazietti bought 20,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were purchased at an average cost of C$6.65 per share, for a total transaction of C$133,000.00. In other Aris Mining news, Senior Officer Cornelius Jansen Lourens sold 136,221 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of C$6.22, for a total value of C$847,294.62. Also, Senior Officer Richard Orazietti acquired 20,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were bought at an average cost of C$6.65 per share, for a total transaction of C$133,000.00. Insiders sold 263,614 shares of company stock valued at $1,672,371 in the last three months.

Aris Mining Company Profile

Apollo Commercial Real Estate Finance, Inc (NYSE: ARI) is a real estate investment trust that primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings and other commercial real estate-related debt investments. The Company is externally managed and advised by ACREFI Management, LLC, a Delaware limited liability company and an indirect subsidiary of Apollo Global Management, Inc, a leading global alternative investment manager with approximately $433 billion of assets under management at September 30, 2020.