Aris Mining (NYSE:ARIS) Stock Price Down 4.2% – Time to Sell?

Aris Mining Co. (NYSE:ARIS)’s stock price dropped 4.2% during trading on Tuesday . The company traded as low as $20.05 and last traded at $19.9650. Approximately 145,582 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 1,941,083 shares. The stock had previously closed at $20.83.

Analyst Upgrades and Downgrades

ARIS has been the topic of a number of research analyst reports. BMO Capital Markets restated an “outperform” rating on shares of Aris Mining in a research report on Friday, January 23rd. Zacks Research upgraded Aris Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings upgraded Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $17.00.

Aris Mining Price Performance

The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.58. The stock has a 50 day moving average price of $19.05 and a two-hundred day moving average price of $16.03. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 49.34 and a beta of -0.13.

Aris Mining (NYSE:ARIS) last issued its quarterly earnings data on Wednesday, March 11th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.17). Aris Mining had a net margin of 8.45% and a return on equity of 15.59%. The firm had revenue of $308.57 million during the quarter. As a group, analysts expect that Aris Mining Co. will post 2.86 EPS for the current year.

Institutional Investors Weigh In On Aris Mining

Institutional investors have recently modified their holdings of the company. Kestra Advisory Services LLC acquired a new stake in shares of Aris Mining in the fourth quarter valued at $27,000. Global Retirement Partners LLC acquired a new stake in shares of Aris Mining in the fourth quarter valued at $37,000. PNC Financial Services Group Inc. acquired a new stake in shares of Aris Mining in the fourth quarter valued at $45,000. Banque Cantonale Vaudoise acquired a new stake in shares of Aris Mining in the third quarter valued at $93,000. Finally, Insigneo Advisory Services LLC acquired a new position in Aris Mining during the 3rd quarter worth $98,000. 39.71% of the stock is owned by institutional investors and hedge funds.

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.