Aris Mining Q4 EPS Cut by National Bank Financial

Aris Mining Co. (NYSE:ARMN) – Equities research analysts at National Bank Financial decreased their Q4 2024 EPS estimates for Aris Mining in a research note issued on Monday, February 10th. National Bank Financial analyst D. Demarco now anticipates that the company will post earnings of $0.17 per share for the quarter, down from their previous forecast of $0.18. The consensus estimate for Aris Mining’s current full-year earnings is $0.36 per share. National Bank Financial also issued estimates for Aris Mining’s FY2025 earnings at $1.02 EPS.

Aris Mining (NYSE:ARMN) last released its earnings results on Tuesday, November 12th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.06). Aris Mining had a positive return on equity of 4.97% and a negative net margin of 0.66%. The company had revenue of $134.72 million during the quarter.

Aris Mining Stock Performance

Shares of NYSE:ARMN opened at $4.22 on Thursday. The firm has a fifty day simple moving average of $3.71 and a two-hundred day simple moving average of $4.16. The stock has a market capitalization of $721.68 million, a P/E ratio of -211.00 and a beta of 0.16. 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 52 week low of $2.75 and a 52 week high of $5.16.

Institutional Investors Weigh In On Aris Mining

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Aris Mining by 6.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,503,600 shares of the company’s stock valued at $11,587,000 after purchasing an additional 160,500 shares in the last quarter. Jane Street Group LLC lifted its stake in Aris Mining by 55.3% during the 3rd quarter. Jane Street Group LLC now owns 411,553 shares of the company’s stock valued at $1,908,000 after acquiring an additional 146,580 shares during the period. Stifel Financial Corp lifted its stake in Aris Mining by 60.4% during the 3rd quarter. Stifel Financial Corp now owns 540,544 shares of the company’s stock valued at $2,486,000 after acquiring an additional 203,586 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Aris Mining during the 3rd quarter valued at approximately $600,000. Finally, Geode Capital Management LLC acquired a new position in shares of Aris Mining in the 3rd quarter valued at $360,000. 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.