Aris Mining (NYSE:ARIS) Shares Gap Down – Time to Sell?

Aris Mining Co. (NYSE:ARIS) shares gapped down before the market opened on Wednesday . The stock had previously closed at $15.76, but opened at $14.88. Aris Mining shares last traded at $15.1890, with a volume of 210,200 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Weiss Ratings cut Aris Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Zacks Research cut shares of Aris Mining from a “hold” rating to a “strong sell” rating in a research note on Monday, May 18th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.00.

Aris Mining Price Performance

The firm has a market cap of $3.09 billion, a PE ratio of 17.78 and a beta of -0.39. 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 company has a 50 day moving average price of $17.94 and a 200 day moving average price of $17.97.

Aris Mining (NYSE:ARIS) last released its quarterly earnings data 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). The firm had revenue of $372.48 million during the quarter. Aris Mining had a net margin of 15.19% and a return on equity of 20.97%. On average, sell-side analysts expect that Aris Mining Co. will post 2.62 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. TT International Asset Management LTD acquired a new stake in shares of Aris Mining during the fourth quarter valued at $12,864,000. Tudor Investment Corp ET AL acquired a new position in Aris Mining in the 3rd quarter valued at about $10,038,000. Apis Capital Advisors LLC raised its stake in Aris Mining by 33.9% in the 3rd quarter. Apis Capital Advisors LLC now owns 2,514,000 shares of the company’s stock valued at $24,642,000 after purchasing an additional 636,000 shares during the last quarter. TD Asset Management Inc lifted its holdings in Aris Mining by 200.0% in the 3rd quarter. TD Asset Management Inc now owns 562,363 shares of the company’s stock valued at $5,513,000 after purchasing an additional 374,906 shares in the last quarter. Finally, Zweig DiMenna Associates LLC purchased a new position in Aris Mining in the 4th quarter valued at about $4,885,000. Hedge funds and other institutional investors 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.