Aris Mining (NYSE:ARMN) Shares Down 7.2% - Should You Sell?

Key Points

• Aris Mining Co. shares fell by 7.2% during mid-day trading, reaching a low of $7.49 before closing at $7.44.
• Despite the stock's decrease, the National Bankshares reiterated an "outperform" rating for Aris Mining in a recent research note.
• Institutional investors currently hold 35.81% of Aris Mining's stock, with notable recent purchases from firms like Quantbot Technologies and Vanguard Personalized Indexing Management.

Aris Mining Co. (NYSE:ARMN - Get Free Report) shares fell 7.2% during mid-day trading on Friday . The stock traded as low as $7.49 and last traded at $7.44. 949,668 shares were traded during mid-day trading, a decline of 7% from the average session volume of 1,023,988 shares. The stock had previously closed at $8.01.

Wall Street Analysts Forecast Growth

Separately, National Bankshares reiterated an "outperform" rating on shares of Aris Mining in a research note on Wednesday, July 16th.

Aris Mining Price Performance

The firm's 50 day moving average price is $6.98 and its two-hundred day moving average price is $5.51. 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 stock has a market cap of $1.42 billion, a PE ratio of -373.75 and a beta of -0.34.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new stake in shares of Aris Mining in the 1st quarter valued at about $76,000. GWN Securities Inc. purchased a new stake in Aris Mining in the second quarter valued at approximately $76,000. Vanguard Personalized Indexing Management LLC lifted its position in Aris Mining by 16.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 12,303 shares of the company's stock valued at $83,000 after purchasing an additional 1,780 shares during the last quarter. Orion Resource Partners LP purchased a new position in Aris Mining in the 4th quarter worth approximately $86,000. Finally, TD Waterhouse Canada Inc. grew its stake in Aris Mining by 210,416.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 25,262 shares of the company's stock worth $86,000 after buying an additional 25,250 shares in the last quarter. Institutional investors 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.

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