Aris Mining (NYSE:ARIS) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of Aris Mining (NYSE:ARIS – Free Report) from a buy rating to a hold rating in a research note published on Saturday morning,Wall Street Zen reports.

Several other research analysts also recently commented on the stock. Zacks Research upgraded shares of Aris Mining from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 29th. Weiss Ratings upgraded Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, September 18th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

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Aris Mining Stock Performance

Shares of ARIS stock opened at $17.35 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.91 and a quick ratio of 1.68. Aris Mining has a one year low of $8.75 and a one year high of $23.29. The stock has a 50-day moving average of $18.54 and a 200-day moving average of $17.58. The stock has a market cap of $3.58 billion, a PE ratio of 12.57 and a beta of 0.04.

Aris Mining (NYSE:ARIS – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.08. The firm had revenue of $330.23 million for the quarter. Aris Mining had a return on equity of 22.82% and a net margin of 22.43%. As a group, sell-side analysts expect that Aris Mining will post 2.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ARIS. RMG Wealth Management LLC purchased a new stake in shares of Aris Mining in the 1st quarter worth about $30,000. PNC Financial Services Group Inc. bought a new stake in Aris Mining in the first quarter worth $45,000. Geneos Wealth Management Inc. purchased a new stake in Aris Mining during the 1st quarter valued at about $46,000. Hollencrest Capital Management bought a new stake in shares of Aris Mining during the first quarter valued at approximately $50,000. Finally, TD Waterhouse Canada Inc. raised its stake in shares of Aris Mining by 41.7% in the second quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock worth $93,000 after purchasing an additional 1,876 shares during the last quarter. Institutional investors own 39.71% of the company’s stock.

About Aris Mining

(Get Free Report)

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.

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