Aris Mining (NYSE:ARIS) Stock Rating Lowered by 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 note issued to investors on Wednesday, Zacks reports.

Several other research analysts have also recently weighed in on ARIS. Weiss Ratings upgraded Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, September 18th. Wall Street Zen cut shares of Aris Mining from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Aris Mining Price Performance

Aris Mining stock opened at $15.86 on Wednesday. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 11.49 and a beta of 0.04. 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 12 month low of $9.55 and a 12 month high of $23.29. The stock’s 50 day moving average is $18.36 and its 200-day moving average is $17.83.

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

Hedge Funds Weigh In On Aris Mining

A number of hedge funds have recently added to or reduced their stakes in the stock. Profund Advisors LLC acquired a new position in Aris Mining in the third quarter valued at about $285,000. U S Global Investors Inc. bought a new stake in Aris Mining during the third quarter worth about $6,960,000. Global Strategic Management Inc. bought a new position in Aris Mining in the 3rd quarter valued at about $987,000. Farther Finance Advisors LLC increased its holdings in Aris Mining by 12.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 17,642 shares of the company’s stock valued at $307,000 after buying an additional 1,888 shares during the period. Finally, Toth Financial Advisory Corp acquired a new position in shares of Aris Mining in the 3rd quarter valued at approximately $230,000. Institutional investors own 39.71% of the company’s stock.

About Aris Mining

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.