Aris Mining Co. (NYSE:ARMN – Free Report) – Equities research analysts at National Bank Financial increased their FY2025 earnings per share estimates for shares of Aris Mining in a research note issued on Tuesday, September 23rd. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings of $0.97 per share for the year, up from their previous forecast of $0.93. The consensus estimate for Aris Mining’s current full-year earnings is $0.36 per share.
ARMN has been the topic of a number of other research reports. Canaccord Genuity Group upped their target price on shares of Aris Mining from $16.50 to $17.00 and gave the company a “buy” rating in a research note on Thursday, September 4th. Zacks Research lowered Aris Mining from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, August 21st. National Bankshares reissued an “outperform” rating on shares of Aris Mining in a research report on Monday, September 8th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Aris Mining in a report on Thursday, September 4th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Aris Mining has an average rating of “Moderate Buy” and a consensus target price of $17.00.
Aris Mining Stock Down 0.6%
Shares of NYSE:ARMN opened at $9.36 on Thursday. The firm has a market cap of $1.89 billion, a PE ratio of -468.00 and a beta of -0.34. The company has a fifty day simple moving average of $8.07 and a 200 day simple moving average of $6.58. The company has a current ratio of 1.45, a quick ratio of 1.13 and a debt-to-equity ratio of 0.32. Aris Mining has a 12-month low of $3.29 and a 12-month high of $10.07.
Institutional Investors Weigh In On Aris Mining
Hedge funds have recently made changes to their positions in the business. Quantbot Technologies LP acquired a new stake in Aris Mining in the 1st quarter valued at approximately $76,000. GWN Securities Inc. acquired a new position in shares of Aris Mining during the second quarter valued at $76,000. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Aris Mining by 16.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 12,303 shares of the company’s stock valued at $83,000 after purchasing an additional 1,780 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in Aris Mining in the first quarter worth about $116,000. Finally, Virtu Financial LLC bought a new position in Aris Mining in the 1st quarter valued at about $117,000. 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.
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