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

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

Separately, Weiss Ratings cut Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 23rd. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $17.00.

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Aris Mining Stock Performance

Shares of ARIS opened at $14.03 on Tuesday. The company has a market capitalization of $2.90 billion, a PE ratio of 16.70 and a beta of -0.22. 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 one year low of $6.65 and a one year high of $23.29. The company’s fifty day moving average price is $16.88 and its 200 day moving average price is $17.98.

Aris Mining (NYSE:ARIS – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.05). The firm had revenue of $372.48 million for the quarter. Aris Mining had a net margin of 15.19% and a return on equity of 20.97%. As a group, analysts expect that Aris Mining will post 2.62 earnings per share for the current year.

Hedge Funds Weigh In On Aris Mining

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FNY Investment Advisers LLC raised its stake in Aris Mining by 15.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 11,500 shares of the company’s stock valued at $171,000 after purchasing an additional 1,500 shares during the last quarter. PVG Asset Management Corp bought a new position in shares of Aris Mining during the 1st quarter worth about $2,283,000. Bank of America Corp DE bought a new stake in shares of Aris Mining in the first quarter valued at about $33,528,000. Amundi acquired a new stake in Aris Mining during the first quarter worth about $32,743,000. Finally, Royal Bank of Canada acquired a new stake in Aris Mining during the first quarter worth about $327,000. Institutional investors own 39.71% of the company’s stock.

Aris Mining Company Profile

(Get Free Report)

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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