Aris Mining (NYSE:ARIS) Stock Price Down 6.5% – Time to Sell?

Aris Mining Co. (NYSE:ARIS)’s share price fell 6.5% on Wednesday . The stock traded as low as $14.25 and last traded at $14.2160. 249,099 shares were traded during trading, a decline of 85% from the average daily volume of 1,694,459 shares. The stock had previously closed at $15.20.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ARIS. Weiss Ratings downgraded Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. Zacks Research cut Aris Mining from a “hold” rating to a “strong sell” rating in a report on Monday, May 18th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $17.00.

Aris Mining Trading Down 7.1%

The company’s 50-day moving average is $16.98 and its 200-day moving average is $17.99. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.62 and a current ratio of 1.78. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 16.78 and a beta of -0.22.

Aris Mining (NYSE:ARIS) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.05). Aris Mining had a net margin of 15.19% and a return on equity of 20.97%. The company had revenue of $372.48 million during the quarter. On average, research analysts predict that Aris Mining Co. will post 2.62 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. RMG Wealth Management LLC bought a new position in Aris Mining in the 1st quarter valued at $30,000. Kestra Advisory Services LLC bought a new stake in shares of Aris Mining during the fourth quarter worth $27,000. Global Retirement Partners LLC acquired a new position in shares of Aris Mining during the fourth quarter valued at $37,000. PNC Financial Services Group Inc. bought a new position in Aris Mining in the first quarter valued at about $45,000. Finally, Geneos Wealth Management Inc. acquired a new stake in Aris Mining in the first quarter worth about $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.