Aris Mining (NYSE:ARIS) Announces Quarterly Earnings Results

Aris Mining (NYSE:ARIS) posted its quarterly earnings data on Wednesday. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.17), Zacks reports. The company had revenue of $308.57 million during the quarter. Aris Mining had a positive return on equity of 4.97% and a negative net margin of 0.66%.

Aris Mining Price Performance

Shares of NYSE ARIS traded down $0.45 during midday trading on Thursday, reaching $19.26. 1,676,602 shares of the stock traded hands, compared to its average volume of 1,743,370. The stock has a market capitalization of $3.96 billion, a PE ratio of -963.05 and a beta of -0.55. The company’s 50 day moving average is $18.74 and its 200 day moving average is $14.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.45 and a quick ratio of 1.13. Aris Mining has a one year low of $4.03 and a one year high of $23.29.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Kestra Advisory Services LLC purchased a new stake in shares of Aris Mining in the 4th quarter worth approximately $27,000. Global Retirement Partners LLC purchased a new position in Aris Mining in the fourth quarter worth $37,000. PNC Financial Services Group Inc. purchased a new stake in Aris Mining in the fourth quarter valued at about $45,000. Banque Cantonale Vaudoise acquired a new stake in Aris Mining in the third quarter worth about $93,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake in shares of Aris Mining by 51.3% during the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 11,800 shares of the company’s stock worth $116,000 after acquiring an additional 4,000 shares during the last quarter. Institutional investors own 35.81% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. BMO Capital Markets restated an “outperform” rating on shares of Aris Mining in a report on Friday, January 23rd. Weiss Ratings started coverage on shares of Aris Mining in a research report on Wednesday. They issued a “hold (c+)” rating for the company. Finally, Zacks Research upgraded shares of Aris Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Aris Mining currently has a consensus rating of “Buy” and a consensus target price of $17.00.

About Aris Mining

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.