Aris Mining (NYSE:ARIS) Announces Earnings Results

Aris Mining (NYSE:ARIS) released its earnings results on Wednesday. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.17), Zacks reports. The business had revenue of $308.57 million for the quarter. Aris Mining had a positive return on equity of 4.97% and a negative net margin of 0.66%.

Aris Mining Stock Down 2.3%

Shares of ARIS stock traded down $0.45 during trading hours on Thursday, reaching $19.26. 1,676,537 shares of the company’s stock were exchanged, compared to its average volume of 1,742,313. Aris Mining has a fifty-two week low of $4.03 and a fifty-two week high of $23.29. The stock’s 50 day moving average is $18.74 and its 200-day moving average is $14.00. The company has a current ratio of 1.45, a quick ratio of 1.13 and a debt-to-equity ratio of 0.32. The company has a market cap of $3.96 billion, a price-to-earnings ratio of -963.05 and a beta of -0.55.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC acquired a new position in Aris Mining during the 4th quarter valued at about $27,000. Global Retirement Partners LLC acquired a new stake in Aris Mining in the fourth quarter worth about $37,000. PNC Financial Services Group Inc. purchased a new stake in shares of Aris Mining during the fourth quarter worth about $45,000. Banque Cantonale Vaudoise acquired a new position in shares of Aris Mining during the third quarter valued at about $93,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its stake in Aris Mining by 51.3% during the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 11,800 shares of the company’s stock valued at $116,000 after purchasing an additional 4,000 shares in the last quarter. 35.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Zacks Research raised shares of Aris Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. BMO Capital Markets reaffirmed 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 three have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $17.00.

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.