Aris Mining Sees Unusually Large Options Volume (NYSE:ARIS)

Key Points

• Unusual options activity: Traders bought 5,014 put options on Aris Mining, roughly 905% above its average daily put volume of 499 contracts.
• Institutional interest remains significant: Major investors including Arrowstreet Capital, FIL, Bank of America and Amundi recently increased or initiated positions; institutions collectively own 39.71% of the company.
• Mixed analyst sentiment but solid earnings: Aris Mining has a “Moderate Buy” consensus rating with a $17.00 average price target, while its latest quarterly EPS of $0.47 exceeded estimates of $0.39. Shares closed at $17.05, down $0.35.

Aris Mining Co. (NYSE:ARIS - Get Free Report) was the recipient of some unusual options trading on Monday. Traders bought 5,014 put options on the stock. This is an increase of approximately 905% compared to the average daily volume of 499 put options.

Institutional Investors Weigh In On Aris Mining

Institutional investors have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership acquired a new position in shares of Aris Mining during the first quarter worth about $97,429,000. FIL Ltd bought a new position in Aris Mining during the 4th quarter valued at $62,900,000. Merewether Investment Management LP acquired a new position in Aris Mining in the third quarter worth about $18,748,000. Amundi increased its holdings in shares of Aris Mining by 3,670.1% in the 2nd quarter. Amundi now owns 1,885,031 shares of the company's stock valued at $12,969,000 after acquiring an additional 1,835,031 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of Aris Mining during the first quarter worth $33,528,000. Hedge funds and other institutional investors own 39.71% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Weiss Ratings upgraded Aris Mining from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday. Zacks Research downgraded shares of 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $17.00.

Aris Mining Stock Performance

Shares of NYSE:ARIS traded down $0.35 on Monday, reaching $17.05. The company's stock had a trading volume of 485,200 shares, compared to its average volume of 1,682,882. Aris Mining has a 52-week low of $6.65 and a 52-week high of $23.29. The stock's 50-day moving average is $15.30 and its two-hundred day moving average is $17.64. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.91 and a quick ratio of 1.68. The stock has a market capitalization of $3.52 billion, a P/E ratio of 12.40 and a beta of -0.14.

Aris Mining (NYSE:ARIS - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.08. Aris Mining had a return on equity of 22.82% and a net margin of 22.43%.The business had revenue of $330.23 million during the quarter. As a group, sell-side analysts forecast that Aris Mining will post 2.28 EPS for the current year.

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.

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