Aris Mining (NYSE:ARIS) Stock Rating Upgraded by Zacks Research

Aris Mining (NYSE:ARIS) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

Separately, Weiss Ratings raised Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, September 18th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Aris Mining currently has an average rating of “Moderate Buy”.

Aris Mining Trading Down 1.9%

Shares of Aris Mining stock opened at $17.42 on Tuesday. Aris Mining has a fifty-two week low of $8.75 and a fifty-two week high of $23.29. The business’s fifty day moving average is $18.12 and its two-hundred day moving average is $17.60. The company has a quick ratio of 1.68, a current ratio of 1.91 and a debt-to-equity ratio of 0.26. The firm has a market cap of $3.60 billion, a PE ratio of 12.62 and a beta of -0.06.

Aris Mining (NYSE:ARIS) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.47 EPS 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 return on equity of 22.82% and a net margin of 22.43%. Analysts anticipate that Aris Mining will post 2.28 earnings per share for the current year.

Institutional Trading of Aris Mining

A number of institutional investors and hedge funds have recently made changes to their positions in ARIS. RMG Wealth Management LLC purchased a new stake in Aris Mining during the first quarter valued at about $30,000. PNC Financial Services Group Inc. acquired a new position in shares of Aris Mining in the 1st quarter valued at about $45,000. Geneos Wealth Management Inc. acquired a new position in shares of Aris Mining in the 1st quarter valued at about $46,000. Hollencrest Capital Management purchased a new stake in shares of Aris Mining during the 1st quarter worth about $50,000. Finally, TD Waterhouse Canada Inc. increased its position in 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 purchasing an additional 1,876 shares in the last quarter. 39.71% of the stock is currently owned by institutional investors and hedge funds.

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.