Aris Mining (NYSE:ARMN) Downgraded to Strong Sell Rating by Zacks Research

Aris Mining (NYSE:ARMN) was downgraded by Zacks Research from a “strong-buy” rating to a “strong sell” rating in a note issued to investors on Thursday,Zacks.com reports.

Separately, National Bankshares reaffirmed an “outperform” rating on shares of Aris Mining in a report on Wednesday, July 16th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Aris Mining Trading Up 1.1%

Shares of ARMN stock opened at $7.11 on Thursday. Aris Mining has a 12-month low of $3.29 and a 12-month high of $8.18. The company has a current ratio of 1.45, a quick ratio of 1.13 and a debt-to-equity ratio of 0.32. The stock’s 50-day moving average price is $7.06 and its 200-day moving average price is $5.76. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of -355.50 and a beta of -0.34.

Institutional Investors Weigh In On Aris Mining

Large investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new stake in Aris Mining during the first quarter worth approximately $76,000. GWN Securities Inc. bought a new stake in Aris Mining during the second quarter worth approximately $76,000. Vanguard Personalized Indexing Management LLC increased its stake in Aris Mining by 16.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 12,303 shares of the company’s stock worth $83,000 after acquiring an additional 1,780 shares during the last quarter. Orion Resource Partners LP bought a new stake in Aris Mining during the fourth quarter worth approximately $86,000. Finally, TD Waterhouse Canada Inc. increased its stake in Aris Mining by 210,416.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 25,262 shares of the company’s stock worth $86,000 after acquiring an additional 25,250 shares during the last quarter. 35.81% of the stock is owned by institutional investors.

Aris Mining Company Profile

Aris Mining Corporation, together with its subsidiaries, engages in the acquisition, exploration, development, and operation of gold properties in Canada, Colombia, and Guyana. It also explores for silver and copper deposits. The company was formerly known as GCM Mining Corp. and changed its name to Aris Mining Corporation in September 2022.