Aris Mining (NYSE:ARIS) Trading 11.5% Higher – What’s Next?

Aris Mining Co. (NYSE:ARIS) traded up 11.5% during trading on Monday . The stock traded as high as $18.17 and last traded at $17.71. 380,249 shares traded hands 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

Several equities research analysts have commented on the stock. Zacks Research lowered shares of Aris Mining from a “hold” rating to a “strong sell” rating in a research report on Monday, May 18th. Weiss Ratings downgraded Aris Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

Aris Mining Stock Up 8.2%

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 firm has a 50-day simple moving average of $18.40 and a two-hundred day simple moving average of $17.83. The company has a market cap of $3.55 billion, a PE ratio of 20.44 and a beta of -0.39.

Aris Mining (NYSE:ARIS) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.05). The business 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%. Research analysts anticipate that Aris Mining Co. will post 2.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aris Mining

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC purchased a new position in shares of Aris Mining in the 4th quarter worth about $27,000. RMG Wealth Management LLC purchased a new position in shares of Aris Mining in the 1st quarter worth about $30,000. Global Retirement Partners LLC purchased a new position in shares of Aris Mining in the 4th quarter worth about $37,000. PNC Financial Services Group Inc. purchased a new stake in shares of Aris Mining in the first quarter worth about $45,000. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of Aris Mining in the first quarter worth about $46,000. 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.