Aris Mining (NYSE:ARIS) Rating Lowered to Strong Sell at Zacks Research

Aris Mining (NYSE:ARIS) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other research analysts have also recently issued reports on the stock. Weiss Ratings raised shares of Aris Mining from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. BMO Capital Markets reissued an “outperform” rating on shares of Aris Mining in a research note on Friday, January 23rd. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Aris Mining has a consensus rating of “Moderate Buy” and an average price target of $17.00.

Aris Mining Stock Down 6.1%

Shares of ARIS opened at $17.04 on Monday. Aris Mining has a 12 month low of $5.90 and a 12 month high of $23.29. The firm’s 50 day moving average is $18.88 and its 200-day moving average is $17.10. The stock has a market capitalization of $3.52 billion, a PE ratio of 20.28 and a beta of -0.35. The company has a current ratio of 1.78, a quick ratio of 1.62 and a debt-to-equity ratio of 0.30.

Aris Mining (NYSE:ARIS) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.05). The firm had revenue of $372.48 million during the quarter. Aris Mining had a net margin of 15.19% and a return on equity of 20.97%. Equities research analysts forecast that Aris Mining will post 2.62 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ARIS. Kestra Advisory Services LLC acquired a new position in Aris Mining in the 4th quarter worth about $27,000. RMG Wealth Management LLC bought a new position in Aris Mining in the first quarter valued at about $30,000. Global Retirement Partners LLC bought a new position in Aris Mining in the fourth quarter valued at about $37,000. PNC Financial Services Group Inc. bought a new position in Aris Mining in the first quarter valued at about $45,000. Finally, Geneos Wealth Management Inc. bought a new position in Aris Mining in the first quarter valued at about $46,000. 39.71% of the stock is currently owned by institutional investors.

Aris Mining Company Profile

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.