Aris Mining (NYSE:ARIS) Issues Quarterly Earnings Results

Aris Mining (NYSE:ARIS) released its earnings results on Wednesday. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.05), Zacks reports. The business had revenue of $372.48 million for the quarter. Aris Mining had a net margin of 15.19% and a return on equity of 21.78%.

Aris Mining Stock Up 0.2%

ARIS traded up $0.03 during trading on Thursday, reaching $18.96. The company had a trading volume of 3,413,824 shares, compared to its average volume of 1,140,432. The company has a market cap of $3.91 billion, a P/E ratio of 22.57 and a beta of -0.35. Aris Mining has a 12 month low of $5.53 and a 12 month high of $23.29. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.58. The business’s fifty day moving average price is $18.90 and its 200 day moving average price is $16.56.

Institutional Trading of Aris Mining

Several hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Aris Mining by 96.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 521,597 shares of the company’s stock worth $2,410,000 after buying an additional 256,022 shares during the period. Goldman Sachs Group Inc. boosted its position in Aris Mining by 31.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 706,876 shares of the company’s stock worth $3,280,000 after acquiring an additional 167,212 shares during the last quarter. Geode Capital Management LLC boosted its position in Aris Mining by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 89,102 shares of the company’s stock worth $599,000 after acquiring an additional 2,617 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Aris Mining by 2.5% during the 2nd quarter. Cetera Investment Advisers now owns 88,214 shares of the company’s stock worth $593,000 after acquiring an additional 2,135 shares in the last quarter. Finally, Walleye Capital LLC acquired a new stake in shares of Aris Mining in the second quarter valued at approximately $548,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on ARIS shares. Zacks Research raised shares of Aris Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Weiss Ratings raised Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 25th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Aris Mining in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $17.00.

About Aris Mining

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.