Aris Mining (NYSE:ARIS) Trading Down 8.1% – Should You Sell?

Aris Mining Co. (NYSE:ARIS)’s share price traded down 8.1% on Thursday . The company traded as low as $15.48 and last traded at $16.2210. 1,029,617 shares were traded during trading, a decline of 43% from the average session volume of 1,802,738 shares. The stock had previously closed at $17.65.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ARIS. Weiss Ratings started coverage on Aris Mining in a research report on Wednesday, March 11th. They set a “hold (c+)” rating for the company. Zacks Research raised Aris Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Aris Mining in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Aris Mining currently has a consensus rating of “Buy” and a consensus price target of $17.00.

Aris Mining Stock Performance

The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average of $18.97 and a 200 day moving average of $14.37. The stock has a market capitalization of $3.31 billion, a P/E ratio of 42.39 and a beta of -0.74.

Aris Mining (NYSE:ARIS) last announced its quarterly earnings results on Wednesday, March 11th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.17). Aris Mining had a net margin of 8.45% and a return on equity of 15.59%. The business had revenue of $308.57 million during the quarter. Research analysts anticipate that Aris Mining Co. will post 0.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. MMCAP International Inc. SPC boosted its holdings in Aris Mining by 45.1% during the third quarter. MMCAP International Inc. SPC now owns 16,436,882 shares of the company’s stock valued at $161,109,000 after purchasing an additional 5,112,295 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Aris Mining in the 2nd quarter worth approximately $32,173,000. FIL Ltd acquired a new position in shares of Aris Mining in the 4th quarter worth approximately $62,900,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Aris Mining by 152.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,207,221 shares of the company’s stock worth $41,228,000 after buying an additional 2,542,740 shares during the period. Finally, Merewether Investment Management LP acquired a new stake in Aris Mining in the 3rd quarter valued at $18,748,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

About Aris Mining

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.