Aris Mining (NYSE:ARMN) Sets New 1-Year High at $4.02

Aris Mining Co. (NYSE:ARMN) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $4.02 and last traded at $4.00, with a volume of 208296 shares changing hands. The stock had previously closed at $3.91.

Analyst Upgrades and Downgrades

Separately, TheStreet cut shares of Aris Mining from a “c” rating to a “d+” rating in a report on Monday, March 18th.

Aris Mining Stock Performance

The company has a debt-to-equity ratio of 0.55, a current ratio of 2.15 and a quick ratio of 1.86. The firm has a market cap of $601.61 million and a P/E ratio of 10.18. The stock’s 50-day moving average price is $3.39 and its 200 day moving average price is $3.08.

Aris Mining (NYSE:ARMN) last released its earnings results on Wednesday, March 6th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.07). The business had revenue of $124.98 million for the quarter. Aris Mining had a return on equity of 8.73% and a net margin of 2.09%. As a group, equities analysts predict that Aris Mining Co. will post 0.61 EPS for the current year.

Institutional Investors Weigh In On Aris Mining

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in Aris Mining in the 4th quarter valued at about $380,000. Scotia Capital Inc. bought a new stake in shares of Aris Mining during the third quarter valued at about $27,000. Sprott Inc. bought a new stake in shares of Aris Mining during the third quarter valued at about $33,000. Private Advisor Group LLC bought a new stake in shares of Aris Mining during the third quarter valued at about $45,000. Finally, Metis Global Partners LLC bought a new stake in shares of Aris Mining during the third quarter valued at about $47,000. 35.81% of the stock is currently owned by institutional investors.

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.