Aris Mining (NYSE:ARMN) Sets New 12-Month High at $4.89

Aris Mining Co. (NYSE:ARMN)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $4.89 and last traded at $4.89, with a volume of 60261 shares trading hands. The stock had previously closed at $4.68.

Aris Mining Price Performance

The stock has a 50-day moving average price of $4.32 and a two-hundred day moving average price of $3.98. The company has a current ratio of 1.88, a quick ratio of 1.52 and a debt-to-equity ratio of 0.31. The stock has a market cap of $839.17 million and a price-to-earnings ratio of 13.59.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in shares of Aris Mining during the fourth quarter worth $380,000. Baader Bank Aktiengesellschaft acquired a new position in shares of Aris Mining in the 4th quarter valued at about $131,000. Acadian Asset Management LLC lifted its holdings in shares of Aris Mining by 127.9% in the 1st quarter. Acadian Asset Management LLC now owns 1,338,317 shares of the company’s stock valued at $4,790,000 after buying an additional 751,046 shares during the period. Herr Investment Group LLC purchased a new stake in shares of Aris Mining in the first quarter worth about $670,000. Finally, Quadrature Capital Ltd acquired a new stake in Aris Mining during the first quarter worth about $165,000. 35.81% of the stock is owned by institutional investors and hedge funds.

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.