Aris Mining (NYSE:ARIS) Shares Up 11.5% – Time to Buy?

Aris Mining Co. (NYSE:ARIS)’s stock price shot up 11.5% during trading on Monday . The company traded as high as $18.17 and last traded at $17.71. 380,249 shares were traded during trading, a decline of 78% from the average session volume of 1,706,172 shares. The stock had previously closed at $15.89.

Analyst Ratings Changes

A number of research firms have commented on ARIS. Zacks Research cut Aris Mining from a “hold” rating to a “strong sell” rating in a research note on Monday, May 18th. Weiss Ratings cut Aris Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

Aris Mining Price Performance

The company has a debt-to-equity ratio of 0.30, a current ratio of 1.78 and a quick ratio of 1.62. The company has a market capitalization of $3.53 billion, a PE ratio of 20.35 and a beta of -0.39. The stock’s 50 day simple moving average is $18.32 and its 200-day simple moving average is $17.88.

Aris Mining (NYSE:ARIS) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.05). The business had revenue of $372.48 million for the quarter. Aris Mining had a return on equity of 20.97% and a net margin of 15.19%. As a group, equities analysts forecast that Aris Mining Co. will post 2.62 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aris Mining

Several institutional investors have recently modified their holdings of ARIS. Kestra Advisory Services LLC acquired a new position in shares of Aris Mining in the fourth quarter worth $27,000. RMG Wealth Management LLC acquired a new position in shares of Aris Mining in the first quarter worth $30,000. Global Retirement Partners LLC acquired a new position in shares of Aris Mining in the fourth quarter worth $37,000. PNC Financial Services Group Inc. acquired a new position in shares of Aris Mining during the first quarter worth about $45,000. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of Aris Mining during the first quarter worth approximately $46,000. 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.