Aris Mining Co. (NYSE:ARMN – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $3.86 and last traded at $3.86, with a volume of 38109 shares. The stock had previously closed at $3.82.
Wall Street Analyst Weigh In
Separately, TheStreet downgraded Aris Mining from a “c” rating to a “d+” rating in a research report on Monday, March 18th.
Check Out Our Latest Stock Report on Aris Mining
Aris Mining Stock Performance
Aris Mining (NYSE:ARMN – Get Free Report) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.07). Aris Mining had a return on equity of 8.73% and a net margin of 2.09%. The company had revenue of $124.98 million for the quarter. On average, sell-side analysts anticipate that Aris Mining Co. will post 0.62 EPS for the current fiscal year.
Hedge Funds Weigh In On Aris Mining
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Lynwood Capital Management Inc. purchased a new stake in Aris Mining during the third quarter worth approximately $1,014,000. Private Advisor Group LLC purchased a new stake in Aris Mining during the third quarter worth approximately $45,000. Guild Investment Management Inc. purchased a new stake in Aris Mining during the third quarter worth approximately $91,000. Metis Global Partners LLC purchased a new stake in Aris Mining during the third quarter worth approximately $47,000. Finally, Van ECK Associates Corp purchased a new stake in Aris Mining during the third quarter worth approximately $15,638,000. 35.81% of the stock is owned by institutional investors and hedge funds.
About Aris Mining
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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