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HOUSTON—Nicholas A. Patterson, Chief Commercial Officer of Aris Water Solutions , Inc. (NYSE:ARIS), recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Patterson sold 8,299 shares of Class A Common Stock on March 12, 2025. The shares were sold at a weighted average price of $30.60, generating total proceeds of approximately $253,949. The transaction comes as the $1.7 billion market cap company has seen its stock surge over 125% in the past year, according to InvestingPro data.
Following the transaction, Patterson retains ownership of 58,228 shares in the company. The sale was executed in multiple trades with prices ranging from $30.59 to $30.73. The stock currently trades near InvestingPro’s Fair Value estimate, with the company maintaining a "GREAT" financial health score and operating with a P/E ratio of 33.
In other recent news, Ares Mining reported its fourth-quarter 2024 earnings, showcasing a revenue of $118.61 million, exceeding the forecast of $108.95 million. Despite this revenue beat, the company slightly missed earnings per share (EPS) expectations, reporting $0.29 per share against the anticipated $0.32. Ares Mining’s full-year gold revenue reached $499 million, supported by a production of 211,000 ounces of gold. The company also announced plans to expand its Segovia and Marmato facilities, with a projected gold production of 230,000 to 275,000 ounces for 2025. Future EPS growth is anticipated, with forecasts of $1.42 and $2.05 for 2025 and 2026, respectively. Additionally, Ares Mining ended the year with a strong cash balance of $253 million and emphasized its strategic expansions, aiming to double annual production to 500,000 ounces. The company remains focused on operational efficiencies and cost control, as evidenced by a 32% increase in its all-in sustaining cost margin during the quarter. These developments reflect Ares Mining’s continued efforts to strengthen its position in the gold mining sector.
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