Aris Mining (NYSE:ARIS) Shares Gap Down – Should You Sell?

Aris Mining Co. (NYSE:ARIS) shares gapped down prior to trading 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 trading hands.

Analysts Set New Price Targets

ARIS has been the topic of a number of recent analyst reports. Zacks Research lowered Aris Mining from a “hold” rating to a “strong sell” rating in a report on Monday, May 18th. Weiss Ratings cut shares of Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.00.

Aris Mining Trading Up 1.6%

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’s 50-day moving average is $17.69 and its 200 day moving average is $17.98. The firm has a market capitalization of $3.08 billion, a P/E ratio of 17.79 and a beta of -0.39.

Aris Mining (NYSE:ARIS) last announced its 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). Aris Mining had a return on equity of 20.97% and a net margin of 15.19%.The business had revenue of $372.48 million for the quarter. As a group, analysts anticipate that Aris Mining Co. will post 2.62 EPS for the current fiscal year.

Hedge Funds Weigh In On Aris Mining

A number of hedge funds have recently added to or reduced their stakes in the stock. TT International Asset Management LTD acquired a new position in shares of Aris Mining during the 4th quarter worth $12,864,000. Tudor Investment Corp ET AL bought a new position in Aris Mining in the third quarter valued at about $10,038,000. Apis Capital Advisors LLC grew its position in Aris Mining by 33.9% in the third quarter. Apis Capital Advisors LLC now owns 2,514,000 shares of the company’s stock valued at $24,642,000 after acquiring an additional 636,000 shares during the last quarter. TD Asset Management Inc raised its stake in Aris Mining by 200.0% during the third quarter. TD Asset Management Inc now owns 562,363 shares of the company’s stock worth $5,513,000 after acquiring an additional 374,906 shares in the last quarter. Finally, Zweig DiMenna Associates LLC bought a new position in shares of Aris Mining in the fourth quarter worth about $4,885,000. 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.