Aris Mining (NYSE:ARIS) Posts Quarterly Earnings Results, Misses Estimates By $0.05 EPS

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

Aris Mining Stock Up 0.2%

NYSE:ARIS traded up $0.03 during mid-day trading on Thursday, hitting $18.96. 3,413,824 shares of the company’s stock traded hands, compared to its average volume of 1,140,432. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.58 and a current ratio of 1.76. The company has a fifty day moving average of $18.90 and a 200 day moving average of $16.56. The company has a market capitalization of $3.91 billion, a P/E ratio of 22.57 and a beta of -0.35. Aris Mining has a twelve month low of $5.53 and a twelve month high of $23.29.

Institutional Trading of Aris Mining

Several large investors have recently added to or reduced their stakes in ARIS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Aris Mining by 96.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 521,597 shares of the company’s stock valued at $2,410,000 after purchasing an additional 256,022 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Aris Mining by 31.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 706,876 shares of the company’s stock valued at $3,280,000 after purchasing an additional 167,212 shares during the last quarter. Geode Capital Management LLC grew its stake in Aris Mining by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 89,102 shares of the company’s stock valued at $599,000 after purchasing an additional 2,617 shares during the last quarter. Cetera Investment Advisers grew its stake in Aris Mining by 2.5% during the 2nd quarter. Cetera Investment Advisers now owns 88,214 shares of the company’s stock valued at $593,000 after purchasing an additional 2,135 shares during the last quarter. Finally, Walleye Capital LLC purchased a new stake in Aris Mining during the 2nd quarter valued at about $548,000. Hedge funds and other institutional investors own 39.71% of the company’s stock.

Wall Street Analysts Forecast Growth

ARIS has been the subject of several recent research reports. Weiss Ratings raised Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 25th. Zacks Research raised Aris Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Aris Mining in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus 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.