Aris Mining (NYSE:ARMN) Stock Price Down 7.1% – Should You Sell?

Aris Mining Co. (NYSE:ARMN) dropped 7.1% on Monday . The company traded as low as $4.05 and last traded at $4.05. Approximately 98,622 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 376,240 shares. The stock had previously closed at $4.36.

Aris Mining Price Performance

The company has a current ratio of 1.88, a quick ratio of 1.52 and a debt-to-equity ratio of 0.31. The stock has a market cap of $652.29 million, a PE ratio of 14.00 and a beta of 0.35. The company has a fifty day moving average of $4.59 and a 200-day moving average of $4.34.

Aris Mining (NYSE:ARMN) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.07). Aris Mining had a negative net margin of 0.66% and a positive return on equity of 5.45%. The company had revenue of $117.19 million during the quarter. Sell-side analysts expect that Aris Mining Co. will post 0.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Aris Mining

Hedge funds and other institutional investors have recently modified their holdings of the company. Banque Cantonale Vaudoise purchased a new position in shares of Aris Mining during the second quarter worth about $51,000. International Assets Investment Management LLC acquired a new stake in shares of Aris Mining during the 3rd quarter valued at approximately $740,000. Virtu Financial LLC purchased a new stake in Aris Mining during the first quarter worth $79,000. Aigen Investment Management LP grew its stake in Aris Mining by 192.1% in the 3rd quarter. Aigen Investment Management LP now owns 36,241 shares of the company’s stock valued at $168,000 after acquiring an additional 23,833 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Aris Mining in the third quarter valued at approximately $200,000. 35.81% of the stock is currently owned by institutional investors and hedge funds.

About Aris Mining

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.