Aris Mining (NYSE:ARIS) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Aris Mining (NYSE:ARIS) from a strong sell rating to a hold rating in a report issued on Tuesday morning,Zacks reports.

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

Aris Mining Stock Down 1.9%

Shares of NYSE ARIS opened at $17.42 on Tuesday. Aris Mining has a 52-week low of $8.75 and a 52-week high of $23.29. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of 12.62 and a beta of -0.06. The stock has a 50 day moving average price of $18.12 and a 200 day moving average price of $17.60. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.68 and a current ratio of 1.91.

Aris Mining (NYSE:ARIS) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.39 by $0.08. The company had revenue of $330.23 million for the quarter. Aris Mining had a return on equity of 22.82% and a net margin of 22.43%. Sell-side analysts expect that Aris Mining will post 2.28 earnings per share for the current year.

Institutional Investors Weigh In On Aris Mining

Several hedge funds have recently modified their holdings of ARIS. RMG Wealth Management LLC purchased a new position in Aris Mining during the first quarter valued at approximately $30,000. PNC Financial Services Group Inc. purchased a new stake in Aris Mining during the first quarter worth $45,000. Geneos Wealth Management Inc. purchased a new stake in Aris Mining during the first quarter worth $46,000. Hollencrest Capital Management bought a new stake in Aris Mining during the 1st quarter valued at $50,000. Finally, TD Waterhouse Canada Inc. boosted 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 valued at $93,000 after acquiring an additional 1,876 shares in 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.