U.S. stock futures mixed; Nvidia earnings spark little cheer
Stephan E. Tompsett, Chief Financial Officer of Aris Water Solutions , Inc. (NYSE:ARIS), recently sold 20,000 shares of the company’s Class A common stock. The $1.7 billion market cap company has demonstrated remarkable performance, with its stock surging 125% over the past year and maintaining a GREAT financial health score according to InvestingPro analysis. The transaction, which took place on March 12, involved shares sold at a weighted average price of $30 per share, totaling approximately $600,000. Following this sale, Tompsett retains ownership of 140,509 shares in the company. The sale was executed in multiple trades with prices ranging from $29.17 to $30.67. The stock is currently trading near its InvestingPro Fair Value, with 12+ additional exclusive insights available to subscribers through the comprehensive Pro Research Report.
In other recent news, Ares Mining reported a strong performance for the fourth quarter of 2024, with revenue reaching $118.61 million, surpassing the forecast of $108.95 million. Despite this revenue beat, the company reported earnings per share (EPS) of $0.29, which fell short of the forecasted $0.32. The company produced 57,364 ounces of gold in the quarter, contributing to a full-year production of 211,000 ounces. Ares Mining has projected consolidated gold production for 2025 to be between 230,000 and 275,000 ounces, with plans to expand its Segovia and Marmato facilities. The company announced it would invest approximately $50 million this year in the Marmato expansion, with total expansion costs projected at $365 million. Analysts from Canaccord Genuity inquired about the expansion plans, with Ares Mining’s CEO Neal Woodyer noting the strategic expansions underway. The company’s financial position remains strong, with a year-end cash balance of $253 million. Looking forward, Ares Mining aims to increase its annual gold production to more than 500,000 ounces once its expansions and operations reach full capacity.
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