Aris Mining (NYSE:ARMN) Hits New 52-Week High at $4.32

Aris Mining Co. (NYSE:ARMN) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $4.32 and last traded at $4.25, with a volume of 304352 shares trading hands. The stock had previously closed at $4.21.

Wall Street Analysts Forecast Growth

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

Aris Mining Trading Up 2.6 %

The company has a quick ratio of 1.86, a current ratio of 2.15 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $640.14 million and a PE ratio of 215.00. The stock’s fifty day simple moving average is $3.60 and its 200 day simple moving average is $3.18.

Aris Mining (NYSE:ARMN) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.07). Aris Mining had a net margin of 2.09% and a return on equity of 8.73%. The company had revenue of $124.98 million for the quarter. On average, sell-side analysts predict that Aris Mining Co. will post 0.61 earnings per share for the current year.

Institutional Investors Weigh In On Aris Mining

Several institutional investors have recently made changes to their positions in the company. MMCAP International Inc. SPC bought a new position in shares of Aris Mining in the 3rd quarter worth $30,155,000. Van ECK Associates Corp acquired a new stake in Aris Mining in the 3rd quarter valued at $15,638,000. Ruffer LLP purchased a new stake in shares of Aris Mining during the third quarter worth approximately $11,641,000. Invesco Ltd. purchased a new position in shares of Aris Mining in the third quarter worth about $7,142,000. Finally, 683 Capital Management LLC purchased a new stake in shares of Aris Mining in the third quarter valued at approximately $5,272,000. Institutional investors own 35.81% of the company’s stock.

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.