Aris Mining Co. (NYSE:ARIS – Get Free Report)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $17.59, but opened at $18.80. Aris Mining shares last traded at $19.6310, with a volume of 188,698 shares changing hands.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. Zacks Research downgraded shares of Aris Mining from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 5th. Weiss Ratings raised shares of Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Aris Mining currently has an average rating of “Moderate Buy” and an average price target of $17.00.
Check Out Our Latest Analysis on ARIS
Aris Mining Trading Up 3.1%
Aris Mining (NYSE:ARIS – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.08. Aris Mining had a return on equity of 22.82% and a net margin of 22.43%.The business had revenue of $330.23 million for the quarter. Analysts expect that Aris Mining Co. will post 2.28 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new stake in shares of Aris Mining in the fourth quarter worth $27,000. RMG Wealth Management LLC acquired a new position in shares of Aris Mining during the 1st quarter valued at $30,000. Global Retirement Partners LLC acquired a new position in shares of Aris Mining during the 4th quarter valued at $37,000. PNC Financial Services Group Inc. purchased a new stake in Aris Mining during the 1st quarter worth $45,000. Finally, Geneos Wealth Management Inc. purchased a new stake in Aris Mining during the 1st quarter worth $46,000. 39.71% of the stock is owned by institutional investors and hedge funds.
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.
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