Aris Mining (NYSE:ARIS) Shares Up 10.2% – Should You Buy?

Aris Mining Co. (NYSE:ARIS)’s stock price rose 10.2% during mid-day trading on Thursday . The stock traded as high as $16.10 and last traded at $16.1050. Approximately 250,266 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 1,701,609 shares. The stock had previously closed at $14.62.

Analysts Set New Price Targets

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

Aris Mining Stock Up 0.0%

The company has a market cap of $3.30 billion, a P/E ratio of 19.05 and a beta of -0.22. The company’s 50-day moving average is $17.11 and its two-hundred day moving average is $17.98. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.78 and a quick ratio of 1.62.

Aris Mining (NYSE:ARIS) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.57 earnings per share (EPS) 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 business had revenue of $372.48 million during the quarter. As a group, equities analysts predict that Aris Mining Co. will post 2.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ARIS. PVG Asset Management Corp purchased a new stake in shares of Aris Mining during the first quarter valued at $2,283,000. Bank of America Corp DE purchased a new position in Aris Mining in the 1st quarter worth about $33,528,000. Amundi purchased a new position in Aris Mining in the 1st quarter worth about $32,743,000. Royal Bank of Canada bought a new position in Aris Mining during the 1st quarter valued at about $327,000. Finally, The Manufacturers Life Insurance Company bought a new position in Aris Mining during the 1st quarter valued at about $3,445,000. 39.71% of the stock is owned by institutional investors.

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.