Aris Mining (NYSE:ARIS) Stock Price Down 6.5% – Time to Sell?

Aris Mining Co. (NYSE:ARIS)’s share price traded down 6.5% during trading on Wednesday . The stock traded as low as $14.25 and last traded at $14.2160. 249,099 shares were traded during trading, a decline of 85% from the average daily volume of 1,694,459 shares. The stock had previously closed at $15.20.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ARIS shares. Zacks Research raised shares of Aris Mining from a “strong sell” rating to a “hold” rating in a report on Tuesday. Weiss Ratings raised shares of Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Aris Mining currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

Aris Mining Trading Up 5.2%

The company has a current ratio of 1.78, a quick ratio of 1.62 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 17.54 and a beta of -0.22. The firm has a 50-day moving average of $16.82 and a 200 day moving average of $17.97.

Aris Mining (NYSE:ARIS) last announced its earnings results on Wednesday, May 6th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.05). Aris Mining had a net margin of 15.19% and a return on equity of 20.97%. The business had revenue of $372.48 million for the quarter. As a group, equities analysts predict that Aris Mining Co. will post 2.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Aris Mining

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership bought a new position in Aris Mining in the 1st quarter valued at about $97,429,000. FIL Ltd bought a new stake in shares of Aris Mining during the 4th quarter worth about $62,900,000. Merewether Investment Management LP acquired a new stake in shares of Aris Mining in the 3rd quarter worth approximately $18,748,000. Amundi lifted its stake in shares of Aris Mining by 3,670.1% in the 2nd quarter. Amundi now owns 1,885,031 shares of the company’s stock worth $12,969,000 after acquiring an additional 1,835,031 shares during the period. Finally, Bank of America Corp DE bought a new position in shares of Aris Mining in the first quarter valued at approximately $33,528,000. 39.71% of the stock is currently owned by institutional investors.

Aris Mining Company Profile

Aris Mining Corp, headquartered in Vancouver, British Columbia, is a mineral exploration and development company focused on advancing a diversified portfolio of precious metal and lithium assets. Listed on the New York Stock Exchange under the ticker ARMN, the company pursues a disciplined strategy of resource definition and project development to deliver value for its shareholders.

The firm’s principal assets include several high-grade gold projects across multiple continents and a strategic lithium property in the United States.