Aris Mining (NYSE:ARIS) Rating Lowered to Strong Sell at Zacks Research

Aris Mining (NYSE:ARIS) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Wednesday,Zacks.com reports.

Separately, Weiss Ratings downgraded Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 23rd. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Aris Mining has an average rating of “Hold” and an average target price of $17.00.

Aris Mining Trading Up 1.0%

Aris Mining stock opened at $15.79 on Wednesday. The company has a 50 day moving average price of $15.32 and a 200 day moving average price of $17.64. Aris Mining has a 52 week low of $6.65 and a 52 week high of $23.29. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.68 and a current ratio of 1.91. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 11.44 and a beta of -0.14.

Aris Mining (NYSE:ARIS) last announced its 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. Aris Mining had a net margin of 22.43% and a return on equity of 22.82%. The company had revenue of $330.23 million for the quarter. Research analysts forecast that Aris Mining will post 2.28 EPS for the current year.

Institutional Trading of Aris Mining

Several institutional investors have recently made changes to their positions in the stock. Alberta Investment Management Corp purchased a new position in Aris Mining during the second quarter valued at approximately $821,000. Bank of New York Mellon Corp acquired a new position in Aris Mining in the 2nd quarter valued at approximately $458,000. State of Wyoming purchased a new stake in Aris Mining in the 2nd quarter worth approximately $129,000. FNY Investment Advisers LLC boosted its stake in shares of 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 buying an additional 1,500 shares during the period. Finally, PVG Asset Management Corp acquired a new stake in shares of Aris Mining during the 1st quarter valued at $2,283,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Aris Mining Company Profile

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.