Aris Mining (NYSE:ARMN) Shares Gap Up to $4.60

Shares of Aris Mining Co. (NYSE:ARMN) gapped up prior to trading on Tuesday . The stock had previously closed at $4.60, but opened at $4.71. Aris Mining shares last traded at $4.69, with a volume of 16,772 shares traded.

Aris Mining Price Performance

The stock has a market cap of $788.54 million and a P/E ratio of 92.00. The business has a 50 day simple moving average of $4.43 and a 200-day simple moving average of $4.14. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.52 and a current ratio of 1.88.

Aris Mining (NYSE:ARMN) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.07). Aris Mining had a net margin of 2.46% and a return on equity of 6.00%. The company had revenue of $117.19 million for the quarter. On average, sell-side analysts forecast that Aris Mining Co. will post 0.59 EPS for the current year.

Hedge Funds Weigh In On Aris Mining

Several institutional investors have recently bought and sold shares of the company. Banque Cantonale Vaudoise purchased a new stake in Aris Mining during the second quarter valued at about $51,000. Virtu Financial LLC bought a new position in Aris Mining in the 1st quarter worth approximately $79,000. Quadrature Capital Ltd bought a new position in Aris Mining in the 1st quarter worth approximately $165,000. Mackenzie Financial Corp purchased a new position in Aris Mining in the 2nd quarter valued at approximately $220,000. Finally, TD Asset Management Inc bought a new stake in Aris Mining during the 2nd quarter valued at $494,000. Hedge funds and other 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.