Aris Mining (NYSE:ARIS) Issues Quarterly Earnings Results

Aris Mining (NYSE:ARIS) announced its quarterly earnings data on Wednesday. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.08, Zacks reports. The company had revenue of $330.23 million during the quarter. Aris Mining had a return on equity of 23.92% and a net margin of 22.43%.

Aris Mining Trading Down 3.9%

NYSE ARIS traded down $0.55 on Friday, hitting $13.70. 225,796 shares of the stock were exchanged, compared to its average volume of 1,667,842. The company’s 50-day moving average price is $15.56 and its two-hundred day moving average price is $17.75. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.78 and a quick ratio of 1.62. Aris Mining has a 52-week low of $6.65 and a 52-week high of $23.29. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 9.91 and a beta of -0.22.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ARIS shares. Zacks Research upgraded Aris Mining from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Weiss Ratings lowered Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 23rd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Aris Mining presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ARIS. BNP Paribas Financial Markets acquired a new stake in Aris Mining during the 2nd quarter worth about $2,308,000. Nuveen LLC increased its holdings in shares of Aris Mining by 16.7% in the 4th quarter. Nuveen LLC now owns 133,596 shares of the company’s stock valued at $2,170,000 after purchasing an additional 19,109 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Aris Mining in the 4th quarter valued at about $1,727,000. XTX Topco Ltd lifted its position in shares of Aris Mining by 42.6% in the third quarter. XTX Topco Ltd now owns 157,376 shares of the company’s stock worth $1,542,000 after purchasing an additional 46,991 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Aris Mining by 13.6% in the third quarter. Vanguard Group Inc. now owns 142,090 shares of the company’s stock worth $1,393,000 after purchasing an additional 17,031 shares in the last quarter. Hedge funds and other institutional investors own 39.71% of the company’s stock.

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.