Aris Mining (NYSE:ARIS) Posts Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Aris Mining (NYSE:ARIS) issued its earnings results on Wednesday. The company reported $0.47 EPS for the quarter, topping the consensus estimate 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 Performance

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ARIS shares. Weiss Ratings lowered Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 23rd. Zacks Research raised shares of Aris Mining from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Three research 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, Aris Mining presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

Institutional Trading of Aris Mining

Several hedge funds have recently bought and sold shares of ARIS. Kestra Advisory Services LLC acquired a new position in shares of Aris Mining during the fourth quarter valued at approximately $27,000. Global Retirement Partners LLC acquired a new stake in Aris Mining in the fourth quarter worth approximately $37,000. PNC Financial Services Group Inc. bought a new position in Aris Mining during the 4th quarter valued at $45,000. Banque Cantonale Vaudoise acquired a new position in shares of Aris Mining during the 3rd quarter valued at $93,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its stake in shares of Aris Mining by 51.3% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 11,800 shares of the company’s stock worth $116,000 after buying an additional 4,000 shares in the last quarter. 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.