Aris Mining Corporation (TSE:ARI) to Post Q3 2024 Earnings of $0.22 Per Share, Cormark Forecasts

Posted by Latisha Jones on Oct 11th, 2024

Aris Mining Corporation (TSE:ARI – Free Report) – Equities research analysts at Cormark cut their Q3 2024 earnings per share (EPS) estimates for Aris Mining in a research note issued on Wednesday, October 9th. Cormark analyst R. Gray now expects that the company will earn $0.22 per share for the quarter, down from their previous estimate of $0.35. Cormark also issued estimates for Aris Mining’s Q4 2024 earnings at $0.26 EPS, FY2024 earnings at $0.64 EPS, FY2025 earnings at $1.63 EPS and FY2026 earnings at $2.69 EPS.

Aris Mining Price Performance

Aris Mining (TSE:ARI – Get Free Report) last posted its earnings results on Tuesday, August 13th. The company reported C$0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.21 by C($0.10). The business had revenue of C$160.34 million during the quarter.

Insider Activity

In related news, Director Douglas John Bowlby sold 42,993 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$6.55, for a total value of C$281,604.15. In related news, Senior Officer Richard Orazietti acquired 20,000 shares of the stock in a transaction on Monday, September 16th. The stock was acquired at an average cost of C$6.65 per share, for a total transaction of C$133,000.00. Also, Director Douglas John Bowlby sold 42,993 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$6.55, for a total transaction of C$281,604.15. Over the last three months, insiders have sold 263,614 shares of company stock valued at $1,672,371.

About Aris Mining

(Get Free Report)

Apollo Commercial Real Estate Finance, Inc (NYSE: ARI) is a real estate investment trust that primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings and other commercial real estate-related debt investments. The Company is externally managed and advised by ACREFI Management, LLC, a Delaware limited liability company and an indirect subsidiary of Apollo Global Management, Inc, a leading global alternative investment manager with approximately $433 billion of assets under management at September 30, 2020.