Aris Mining (NYSE:ARIS) Stock Rating Lowered by Wall Street Zen

Aris Mining (NYSE:ARIS) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.

ARIS has been the subject of several other reports. Zacks Research raised shares of Aris Mining from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 29th. Weiss Ratings upgraded Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, September 18th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Aris Mining presently has a consensus rating of “Moderate Buy”.

Aris Mining Price Performance

Aris Mining stock opened at $17.35 on Friday. Aris Mining has a 12-month low of $8.75 and a 12-month high of $23.29. The stock has a market capitalization of $3.58 billion, a P/E ratio of 12.57 and a beta of 0.04. The firm’s 50-day moving average is $18.54 and its two-hundred day moving average is $17.58. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.91 and a quick ratio of 1.68.

Aris Mining (NYSE:ARIS) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.08. The business had revenue of $330.23 million during the quarter. Aris Mining had a net margin of 22.43% and a return on equity of 22.82%. Equities analysts predict that Aris Mining will post 2.14 earnings per share for the current year.

Institutional Trading of Aris Mining

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. RMG Wealth Management LLC purchased a new position in Aris Mining during the first quarter worth approximately $30,000. PNC Financial Services Group Inc. purchased a new stake in shares of Aris Mining during the 1st quarter valued at $45,000. Geneos Wealth Management Inc. purchased a new stake in shares of Aris Mining during the 1st quarter valued at $46,000. Hollencrest Capital Management purchased a new stake in shares of Aris Mining during the 1st quarter valued at $50,000. Finally, TD Waterhouse Canada Inc. increased its holdings in shares of Aris Mining by 41.7% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock worth $93,000 after buying an additional 1,876 shares during the last quarter. Hedge funds and other institutional investors own 39.71% of the company’s stock.

About Aris Mining

Aris Mining Corporation is a Canadian gold mining company focused on the exploration, development, and operation of gold properties in the Americas. The company’s activities include underground and open-pit mining, mineral processing, exploration, project development, and related infrastructure and operational services.

Aris Mining’s principal assets are in Colombia, including the Segovia Operations in Antioquia, a high-grade underground mining and processing complex, and the Marmato Operations in Caldas.