Aris Mining (NYSE:ARIS) Stock Moved Down to “Strong Sell” by Zacks Research

Zacks Research cut shares of Aris Mining (NYSE:ARIS) from a hold rating to a strong sell rating in a report issued on Wednesday morning,Zacks reports.

A number of other research analysts have also weighed in on the stock. Wall Street Zen lowered shares of Aris Mining from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. Weiss Ratings raised Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, September 18th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Aris Mining Price Performance

Shares of Aris Mining stock opened at $15.86 on Wednesday. The firm has a fifty day simple moving average of $18.36 and a 200-day simple moving average of $17.83. 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 stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 11.49 and a beta of 0.04.

Aris Mining (NYSE:ARIS) last posted its earnings results on Wednesday, July 29th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.08. The business had revenue of $330.23 million for the quarter. Aris Mining had a net margin of 22.43% and a return on equity of 22.82%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Van ECK Associates Corp bought a new stake in shares of Aris Mining during the second quarter valued at approximately $225,425,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Aris Mining during the second quarter worth $89,137,000. Arrowstreet Capital Limited Partnership bought a new stake in Aris Mining in the 1st quarter valued at $97,429,000. Bank of America Corp DE bought a new stake in Aris Mining in the 1st quarter valued at $33,528,000. Finally, Amundi acquired a new position in shares of Aris Mining in the 1st quarter valued at $32,743,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

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.