Aris Mining Co. (NYSE:ARIS – Get Free Report) traded down 6.5% during mid-day trading on Wednesday . The stock traded as low as $14.25 and last traded at $14.2160. Approximately 249,099 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 1,694,459 shares. The stock had previously closed at $15.20.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on ARIS shares. Weiss Ratings cut shares of Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 23rd. Zacks Research lowered Aris Mining from a “hold” rating to a “strong sell” rating in a report on Monday, May 18th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $17.00.
Read Our Latest Stock Report on ARIS
Aris Mining Stock Performance
Aris Mining (NYSE:ARIS – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.05). The business had revenue of $372.48 million for the quarter. Aris Mining had a return on equity of 20.97% and a net margin of 15.19%. Sell-side analysts predict that Aris Mining Co. will post 2.62 earnings per share for the current year.
Institutional Trading of Aris Mining
Institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Aris Mining by 96.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 521,597 shares of the company’s stock worth $2,410,000 after acquiring an additional 256,022 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Aris Mining by 31.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 706,876 shares of the company’s stock worth $3,280,000 after purchasing an additional 167,212 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Aris Mining by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 89,102 shares of the company’s stock worth $599,000 after purchasing an additional 2,617 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Aris Mining by 2.5% during the 2nd quarter. Cetera Investment Advisers now owns 88,214 shares of the company’s stock valued at $593,000 after purchasing an additional 2,135 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in Aris Mining during the 2nd quarter valued at about $548,000. Institutional investors and hedge funds 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.
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