Q1 2024 EPS Estimates for Aris Mining Co. (NYSE:ARMN) Lowered by Cormark

Aris Mining Co. (NYSE:ARMN) – Investment analysts at Cormark dropped their Q1 2024 earnings per share estimates for shares of Aris Mining in a research report issued to clients and investors on Wednesday, April 17th. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.14 per share for the quarter, down from their prior forecast of $0.17. The consensus estimate for Aris Mining’s current full-year earnings is $0.63 per share. Cormark also issued estimates for Aris Mining’s FY2024 earnings at $0.64 EPS and FY2025 earnings at $1.31 EPS.

Aris Mining (NYSE:ARMN) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.07). Aris Mining had a return on equity of 8.73% and a net margin of 2.09%. The company had revenue of $124.98 million during the quarter.

Separately, TheStreet downgraded Aris Mining from a “c” rating to a “d+” rating in a research note on Monday, March 18th.

Aris Mining Stock Up 3.8 %

ARMN opened at $3.82 on Thursday. Aris Mining has a twelve month low of $2.16 and a twelve month high of $3.86. The company’s 50-day moving average price is $3.27 and its two-hundred day moving average price is $3.01. The stock has a market cap of $540.23 million and a price-to-earnings ratio of 191.00. The company has a quick ratio of 1.86, a current ratio of 2.15 and a debt-to-equity ratio of 0.55.

Institutional Investors Weigh In On Aris Mining

Institutional investors have recently added to or reduced their stakes in the business. Scotia Capital Inc. purchased a new stake in shares of Aris Mining during the 3rd quarter valued at approximately $27,000. Sprott Inc. purchased a new stake in shares of Aris Mining during the third quarter worth $33,000. Private Advisor Group LLC bought a new position in shares of Aris Mining in the third quarter worth $45,000. Metis Global Partners LLC purchased a new stake in Aris Mining during the 3rd quarter worth about $47,000. Finally, Citadel Advisors LLC bought a new position in Aris Mining in the 4th quarter worth about $56,000. 35.81% of the stock is owned by hedge funds and other institutional investors.

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.