Aris Mining Sees Unusually Large Options Volume (NYSE:ARIS)

Aris Mining Co. (NYSE:ARIS) saw some unusual options trading activity on Monday. Investors bought 5,014 put options on the stock. This represents an increase of approximately 905% compared to the average volume of 499 put options.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ARIS shares. Zacks Research cut shares of Aris Mining from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $17.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership bought a new stake in shares of Aris Mining in the first quarter worth about $97,429,000. FIL Ltd acquired a new stake in shares of Aris Mining during the fourth quarter worth $62,900,000. Merewether Investment Management LP acquired a new stake in Aris Mining in the 3rd quarter valued at approximately $18,748,000. Amundi lifted its position in shares of Aris Mining by 3,670.1% in the second quarter. Amundi now owns 1,885,031 shares of the company’s stock worth $12,969,000 after purchasing an additional 1,835,031 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in Aris Mining during the first quarter worth about $33,528,000. 39.71% of the stock is owned by institutional investors and hedge funds.

Aris Mining Price Performance

Shares of NYSE ARIS traded down $0.35 during mid-day trading on Monday, hitting $17.05. 485,200 shares of the stock were exchanged, compared to its average volume of 1,682,882. The company has a market cap of $3.52 billion, a P/E ratio of 12.40 and a beta of -0.14. The stock’s fifty day simple moving average is $15.30 and its two-hundred day simple moving average is $17.64. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.68 and a current ratio of 1.91. Aris Mining has a twelve month low of $6.65 and a twelve month high of $23.29.

Aris Mining (NYSE:ARIS) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.08. The business had revenue of $330.23 million during the quarter. Aris Mining had a net margin of 22.43% and a return on equity of 22.82%. As a group, analysts forecast that Aris Mining will post 2.28 EPS for the current fiscal year.

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.