Cormark Has Negative Outlook of Aris Mining FY2024 Earnings

Aris Mining Co. (NYSE:ARMN) – Cormark dropped their FY2024 EPS estimates for shares of Aris Mining in a report released on Friday, January 17th. Cormark analyst R. Gray now expects that the company will post earnings of $0.37 per share for the year, down from their prior 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 NYSE ARMN opened at $3.62 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.45 and a debt-to-equity ratio of 0.32. Aris Mining has a 12 month low of $2.60 and a 12 month high of $5.16. The company has a market cap of $619.07 million, a price-to-earnings ratio of -181.00 and a beta of 0.15. The business has a fifty day simple moving average of $3.79 and a 200-day simple moving average of $4.23.

Institutional Trading of Aris Mining

Several institutional investors have recently made changes to their positions in ARMN. American Century Companies Inc. lifted 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 stake in shares of Aris Mining in the second quarter valued at about $220,000. International Assets Investment Management LLC bought a new position in shares of Aris Mining in the third quarter worth about $740,000. Van ECK Associates Corp lifted its position in shares of Aris Mining by 144.7% during the 3rd quarter. Van ECK Associates Corp now owns 15,932,334 shares of the company’s stock worth $74,780,000 after purchasing an additional 9,422,597 shares during the last quarter. Finally, Aigen Investment Management LP boosted its stake in Aris Mining by 192.1% during the 3rd quarter. Aigen Investment Management LP now owns 36,241 shares of the company’s stock valued at $168,000 after purchasing an additional 23,833 shares during the period. 35.81% of the stock is currently owned by institutional investors and hedge funds.

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.