Cormark Issues Pessimistic Estimate for Aris Mining Earnings

Aris Mining Co. (NYSE:ARMNFree Report) – Cormark lowered their FY2024 EPS estimates for shares of Aris Mining in a report issued on Friday, January 17th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.37 for the year, down from their previous forecast of $0.40. The consensus estimate for Aris Mining’s current full-year earnings is $0.37 per share. Cormark also issued estimates for Aris Mining’s Q1 2025 earnings at $0.20 EPS, Q2 2025 earnings at $0.20 EPS, Q3 2025 earnings at $0.20 EPS, Q4 2025 earnings at $0.20 EPS and FY2025 earnings at $0.95 EPS.

Aris Mining Trading Down 1.9 %

Shares of ARMN opened at $3.62 on Monday. Aris Mining has a twelve month low of $2.60 and a twelve month high of $5.16. The firm has a market capitalization of $619.06 million, a P/E ratio of -181.00 and a beta of 0.15. The company has a current ratio of 1.45, a quick ratio of 1.13 and a debt-to-equity ratio of 0.32. The stock’s fifty day simple moving average is $3.79 and its 200 day simple moving average is $4.23.

Institutional Trading of Aris Mining

A number of hedge funds and other institutional investors have recently modified their holdings of the business. American Century Companies Inc. increased its stake in shares of Aris Mining by 44.6% in the second quarter. American Century Companies Inc. now owns 1,410,505 shares of the company’s stock worth $5,330,000 after buying an additional 435,277 shares during the last quarter. Mackenzie Financial Corp acquired a new position in Aris Mining during the 2nd quarter worth $220,000. International Assets Investment Management LLC bought a new stake in shares of Aris Mining in the 3rd quarter worth about $740,000. Van ECK Associates Corp raised its stake in shares of Aris Mining by 144.7% in the 3rd quarter. Van ECK Associates Corp now owns 15,932,334 shares of the company’s stock valued at $74,780,000 after purchasing an additional 9,422,597 shares in the last quarter. Finally, Aigen Investment Management LP lifted its position in shares of Aris Mining by 192.1% during the third quarter. Aigen Investment Management LP now owns 36,241 shares of the company’s stock worth $168,000 after purchasing an additional 23,833 shares during the last quarter. 35.81% of the stock is owned by hedge funds and other institutional investors.

Aris Mining Company Profile

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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.

Further Reading

Earnings History and Estimates for Aris Mining (NYSE:ARMN)

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