Aris Mining (NYSE:ARIS) Releases Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Aris Mining (NYSE:ARIS) issued its quarterly earnings data on Wednesday. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.05), reports. Aris Mining had a return on equity of 22.82% and a net margin of 22.43%.

Aris Mining Trading Up 9.3%

NYSE:ARIS traded up $1.34 during mid-day trading on Wednesday, reaching $15.77. 2,888,810 shares of the company’s stock traded hands, compared to its average volume of 1,665,054. The company has a 50 day moving average price of $17.99 and a 200-day moving average price of $17.78. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.91 and a quick ratio of 1.68. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 11.43 and a beta of 0.18. Aris Mining has a 12-month low of $9.55 and a 12-month high of $23.29.

Analysts Set New Price Targets

ARIS has been the subject of several recent analyst reports. Zacks Research downgraded Aris Mining from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 28th. Weiss Ratings upgraded shares of Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, September 18th. Finally, Wall Street Zen lowered shares of Aris Mining from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Aris Mining presently has a consensus rating of “Hold”.

Aris Mining Company Profile

Aris Mining Corporation is a gold mining company focused on the exploration, development and operation of mineral properties in Latin America. The company’s primary product is gold, with silver produced as a byproduct at certain operations.

Aris Mining’s principal assets are in Colombia, including the Segovia Operations in Antioquia and the Marmato mining complex in Caldas. Segovia is an established underground mining district with processing facilities, while Marmato includes existing operations and development opportunities intended to support long-term production.

The company also has exploration and development interests in Guyana, including the Toroparu project.