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

Aris Mining Co. (NYSE:ARIS)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $17.59, but opened at $18.80. Aris Mining shares last traded at $19.6310, with a volume of 188,698 shares.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ARIS. Weiss Ratings raised shares of Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Zacks Research cut Aris Mining from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.00.

Aris Mining Stock Up 12.4%

The company has a market cap of $4.08 billion, a P/E ratio of 14.28 and a beta of -0.14. The stock has a 50-day moving average of $15.46 and a two-hundred day moving average of $17.51. 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 (NYSE:ARIS) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.08. The business had revenue of $330.23 million for the quarter. Aris Mining had a net margin of 22.43% and a return on equity of 22.82%. On average, research analysts anticipate that Aris Mining Co. will post 2.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Aris Mining

Several institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio increased its stake in Aris Mining by 2.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 55,647 shares of the company’s stock worth $546,000 after purchasing an additional 1,441 shares during the period. FNY Investment Advisers LLC boosted its stake in shares of Aris Mining by 15.0% during the second quarter. FNY Investment Advisers LLC now owns 11,500 shares of the company’s stock valued at $171,000 after purchasing an additional 1,500 shares during the period. RMG Wealth Management LLC purchased a new stake in shares of Aris Mining during the first quarter valued at approximately $30,000. Kestra Advisory Services LLC bought a new position in shares of Aris Mining in the fourth quarter worth approximately $27,000. Finally, Cetera Investment Advisers grew its holdings in shares of Aris Mining by 2.5% in the second quarter. Cetera Investment Advisers now owns 88,214 shares of the company’s stock worth $593,000 after purchasing an additional 2,135 shares during the last quarter. 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.