Zacks Research Upgrades Aris Mining (NYSE:ARIS) to “Hold”

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

Separately, Weiss Ratings upgraded Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, September 18th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Aris Mining has a consensus rating of “Moderate Buy”.

Aris Mining Price Performance

Aris Mining stock opened at $17.42 on Tuesday. The company has a quick ratio of 1.68, a current ratio of 1.91 and a debt-to-equity ratio of 0.26. Aris Mining has a 52-week low of $8.75 and a 52-week high of $23.29. The firm has a market cap of $3.60 billion, a PE ratio of 12.62 and a beta of -0.06. The company’s 50 day moving average is $18.12 and its two-hundred day moving average is $17.60.

Aris Mining (NYSE:ARIS) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.39 by $0.08. The business had revenue of $330.23 million during the quarter. Aris Mining had a net margin of 22.43% and a return on equity of 22.82%. On average, research analysts expect that Aris Mining will post 2.28 EPS for the current fiscal year.

Institutional Trading of Aris Mining

Several hedge funds have recently added to or reduced their stakes in the company. RMG Wealth Management LLC purchased a new stake in shares of Aris Mining in the 1st quarter valued at approximately $30,000. PNC Financial Services Group Inc. acquired a new position in shares of Aris Mining during the first quarter worth $45,000. Geneos Wealth Management Inc. acquired a new position in shares of Aris Mining during the first quarter worth $46,000. Hollencrest Capital Management purchased a new position in Aris Mining in the first quarter valued at $50,000. Finally, TD Waterhouse Canada Inc. increased its holdings in Aris Mining by 41.7% in the second quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock valued at $93,000 after buying an additional 1,876 shares during the last quarter. Institutional investors and hedge funds 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.