Aris Mining (NYSE:ARMN) Stock Price Down 3% – Should You Sell?

Aris Mining Co. (NYSE:ARMN)’s share price traded down 3% on Monday . The company traded as low as $4.49 and last traded at $4.50. 241,801 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 371,502 shares. The stock had previously closed at $4.64.

Aris Mining Stock Down 1.5 %

The firm’s 50-day simple moving average is $4.61 and its 200-day simple moving average is $4.29. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.52 and a current ratio of 1.88. The company has a market capitalization of $778.32 million and a price-to-earnings ratio of 57.13.

Aris Mining (NYSE:ARMN) last released its earnings results on Tuesday, August 13th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.07). Aris Mining had a net margin of 2.46% and a return on equity of 6.00%. The company had revenue of $117.19 million during the quarter. Sell-side analysts forecast that Aris Mining Co. will post 0.52 earnings per share for the current year.

Institutional Investors Weigh In On Aris Mining

A number of institutional investors have recently bought and sold shares of ARMN. Acadian Asset Management LLC raised its stake in shares of Aris Mining by 127.9% in the 1st quarter. Acadian Asset Management LLC now owns 1,338,317 shares of the company’s stock valued at $4,790,000 after buying an additional 751,046 shares in the last quarter. Herr Investment Group LLC bought a new position in Aris Mining during the first quarter worth about $670,000. Quadrature Capital Ltd acquired a new stake in Aris Mining during the first quarter valued at approximately $165,000. Virtu Financial LLC bought a new stake in shares of Aris Mining in the 1st quarter valued at approximately $79,000. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Aris Mining in the 2nd quarter valued at approximately $51,000. Institutional investors and hedge funds own 35.81% of the company’s stock.

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.