Aris Mining (NYSE:ARMN) Stock Price Up 2.8%

Aris Mining Co. (NYSE:ARMN)’s share price rose 2.8% on Tuesday . The stock traded as high as $4.38 and last traded at $4.34. 31,106 shares changed hands during trading, a decline of 88% from the average session volume of 256,509 shares. The stock had previously closed at $4.22.

Aris Mining Stock Performance

The firm has a market cap of $736.13 million and a P/E ratio of 87.00. 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’s 50 day moving average is $4.31 and its two-hundred day moving average is $3.97.

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

Institutional Investors Weigh In On Aris Mining

Several large investors have recently made changes to their positions in ARMN. Banque Cantonale Vaudoise acquired a new stake in Aris Mining during the 2nd quarter valued at $51,000. Virtu Financial LLC acquired a new position in Aris Mining during the 1st quarter valued at about $79,000. Baader Bank Aktiengesellschaft bought a new position in shares of Aris Mining in the 4th quarter valued at about $131,000. Quadrature Capital Ltd acquired a new stake in shares of Aris Mining during the 1st quarter worth approximately $165,000. Finally, Mackenzie Financial Corp acquired a new stake in shares of Aris Mining during the 2nd quarter worth approximately $220,000. 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.