Aris Mining (NYSE:ARMN) Lowered to "Strong Sell" Rating by Zacks Research

Key Points

• Aris Mining has been downgraded by Zacks Research from a "strong-buy" rating to a "strong sell" rating, indicating a significant change in investment sentiment.
• Despite the downgrade, National Bankshares has reiterated an "outperform" rating, highlighting a mixed outlook among analysts on the stock.
• The current stock performance shows Aris Mining's shares opened at $7.11, with a market cap of $1.44 billion and shares traded between a 12-month low of $3.29 and a high of $8.18.

Zacks Research cut shares of Aris Mining (NYSE:ARMN - Free Report) from a strong-buy rating to a strong sell rating in a research report released on Thursday,Zacks.com reports.

Separately, National Bankshares restated an "outperform" rating on shares of Aris Mining in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold".

Aris Mining Trading Up 2.4%

Shares of Aris Mining stock traded up $0.19 during trading on Thursday, hitting $8.14. The stock had a trading volume of 2,545,025 shares, compared to its average volume of 1,088,332. Aris Mining has a 12 month low of $3.29 and a 12 month high of $8.22. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.45 and a quick ratio of 1.13. The firm's fifty day simple moving average is $7.09 and its 200-day simple moving average is $5.82. The stock has a market cap of $1.65 billion, a PE ratio of -407.00 and a beta of -0.34.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC increased its position in Aris Mining by 16.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 12,303 shares of the company's stock valued at $83,000 after buying an additional 1,780 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Aris Mining by 2.5% during the second quarter. Cetera Investment Advisers now owns 88,214 shares of the company's stock worth $593,000 after acquiring an additional 2,135 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Aris Mining by 3.0% during the second quarter. Geode Capital Management LLC now owns 89,102 shares of the company's stock valued at $599,000 after acquiring an additional 2,617 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Aris Mining by 4.2% in the 4th quarter. Mackenzie Financial Corp now owns 70,009 shares of the company's stock valued at $245,000 after purchasing an additional 2,790 shares during the last quarter. Finally, TD Asset Management Inc boosted its stake in Aris Mining by 3.0% in the 1st quarter. TD Asset Management Inc now owns 163,437 shares of the company's stock worth $755,000 after purchasing an additional 4,717 shares in the last quarter. 35.81% of the stock is currently owned by hedge funds and other institutional investors.

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.