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FY2022 EPS Estimates for Aris Mining Corporation (TSE:ARI) Boosted by Cormark

Financial News Live ·  Jan 27, 2023 01:37

Aris Mining Corporation (TSE:ARI – Get Rating) – Equities research analysts at Cormark increased their FY2022 earnings per share (EPS) estimates for shares of Aris Mining in a report issued on Tuesday, January 24th. Cormark analyst R. Gray now anticipates that the company will earn $1.53 per share for the year, up from their previous forecast of $1.41. Cormark also issued estimates for Aris Mining's Q4 2022 earnings at $0.43 EPS, Q1 2023 earnings at $0.48 EPS, Q2 2023 earnings at $0.48 EPS, Q3 2023 earnings at $0.48 EPS, Q4 2023 earnings at $0.48 EPS and FY2023 earnings at $1.96 EPS.

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Aris Mining (TSE:ARI – Get Rating) last posted its earnings results on Monday, November 14th. The company reported C$0.26 EPS for the quarter, topping analysts' consensus estimates of C$0.25 by C$0.01. The company had revenue of C$122.53 million during the quarter.

Separately, National Bank Financial reiterated an "outperform overweight" rating on shares of Aris Mining in a report on Wednesday, October 12th.

Aris Mining Price Performance

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In related news, Director Hernan Martinez sold 200,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 10th. The shares were sold at an average price of C$4.08, for a total value of C$816,000.00. Following the completion of the transaction, the director now owns 573,301 shares in the company, valued at approximately C$2,339,068.08.

Aris Mining Company Profile

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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.

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