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

Aris Mining Co. (NYSE:ARIS) was up 11.5% on Monday . The stock traded as high as $18.17 and last traded at $17.71. Approximately 380,249 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 1,706,172 shares. The stock had previously closed at $15.89.

Analysts Set New Price Targets

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

Aris Mining Price Performance

The stock has a market cap of $3.55 billion, a PE ratio of 20.44 and a beta of -0.39. 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 business has a fifty day moving average of $18.40 and a 200 day moving average of $17.83.

Aris Mining (NYSE:ARIS) last issued its quarterly earnings results 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%. Sell-side analysts anticipate that Aris Mining Co. will post 2.62 earnings per share for the current year.

Institutional Investors Weigh In On Aris Mining

Hedge funds and other institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC bought a new stake in shares of Aris Mining in the 4th quarter worth about $27,000. RMG Wealth Management LLC bought a new stake in shares of Aris Mining in the 1st quarter worth about $30,000. Global Retirement Partners LLC bought a new position in Aris Mining during the 4th quarter worth approximately $37,000. PNC Financial Services Group Inc. bought a new position in Aris Mining during the 1st quarter worth approximately $45,000. Finally, Geneos Wealth Management Inc. bought a new position in Aris Mining during the 1st quarter worth approximately $46,000. Institutional investors own 39.71% of the company’s stock.

Aris Mining Company Profile

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.