Aris Mining (NYSE:ARIS) Issues Earnings Results

Aris Mining (NYSE:ARIS) posted its earnings results on Wednesday. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.04), Zacks reports. The business had revenue of $295.42 million for the quarter. Aris Mining had a return on equity of 22.82% and a net margin of 22.43%.

Aris Mining Trading Down 4.2%

ARIS stock traded down $0.67 during midday trading on Thursday, hitting $15.05. The stock had a trading volume of 1,497,843 shares, compared to its average volume of 1,662,713. The firm has a market cap of $3.11 billion, a P/E ratio of 10.78 and a beta of 0.18. The company has a current ratio of 1.91, a quick ratio of 1.68 and a debt-to-equity ratio of 0.26. Aris Mining has a 1-year low of $9.55 and a 1-year high of $23.29. The business has a fifty day moving average price of $17.88 and a two-hundred day moving average price of $17.77.

Analyst Ratings Changes

ARIS has been the subject of several recent research reports. Weiss Ratings raised Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, September 18th. Wall Street Zen lowered Aris Mining from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. Finally, Zacks Research lowered Aris Mining from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 28th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Aris Mining Company Profile

Aris Mining Corporation is a gold mining company focused on the exploration, development and operation of mineral properties in Latin America. The company’s primary product is gold, with silver produced as a byproduct at certain operations.

Aris Mining’s principal assets are in Colombia, including the Segovia Operations in Antioquia and the Marmato mining complex in Caldas. Segovia is an established underground mining district with processing facilities, while Marmato includes existing operations and development opportunities intended to support long-term production.

The company also has exploration and development interests in Guyana, including the Toroparu project.