Aris Mining (NYSE:ARIS) Releases Quarterly Earnings Results

Aris Mining (NYSE:ARIS) announced its quarterly earnings data on Wednesday. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.08, Zacks reports. Aris Mining had a return on equity of 20.97% and a net margin of 15.19%.

Aris Mining Stock Down 4.0%

Shares of ARIS stock traded down $0.58 on Wednesday, reaching $13.89. 1,835,732 shares of the company’s stock traded hands, compared to its average volume of 1,671,461. Aris Mining has a 12-month low of $6.65 and a 12-month high of $23.29. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.62 and a current ratio of 1.78. The company has a market capitalization of $2.87 billion, a P/E ratio of 16.53 and a beta of -0.22. The business’s 50 day moving average price is $15.62 and its two-hundred day moving average price is $17.77.

Institutional Investors Weigh In On Aris Mining

Institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC purchased a new position in Aris Mining during the 4th quarter valued at about $27,000. Global Retirement Partners LLC purchased a new stake in shares of Aris Mining in the fourth quarter worth approximately $37,000. PNC Financial Services Group Inc. purchased a new stake in shares of Aris Mining in the fourth quarter worth approximately $45,000. Banque Cantonale Vaudoise acquired a new stake in shares of Aris Mining during the third quarter worth approximately $93,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA grew its position in Aris Mining by 51.3% during the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 11,800 shares of the company’s stock valued at $116,000 after purchasing an additional 4,000 shares in the last quarter. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ARIS has been the topic of a number of recent research reports. Zacks Research upgraded Aris Mining from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Weiss Ratings lowered Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 23rd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

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.