Zacks Research Upgrades Aris Mining (NYSE:ARIS) to Hold

Aris Mining (NYSE:ARIS) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Separately, Weiss Ratings lowered shares of Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 23rd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

Aris Mining Trading Down 7.7%

NYSE:ARIS opened at $14.03 on Tuesday. The company has a market cap of $2.90 billion, a P/E ratio of 16.70 and a beta of -0.22. Aris Mining has a twelve month low of $6.65 and a twelve month high of $23.29. The business has a 50 day moving average price of $16.88 and a two-hundred day moving average price of $17.98. The company has a quick ratio of 1.62, a current ratio of 1.78 and a debt-to-equity ratio of 0.30.

Aris Mining (NYSE:ARIS) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.05). The business had revenue of $372.48 million during the quarter. Aris Mining had a net margin of 15.19% and a return on equity of 20.97%. As a group, analysts expect that Aris Mining will post 2.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Aris Mining

Several hedge funds have recently bought and sold shares of the stock. Kestra Advisory Services LLC acquired a new stake in shares of Aris Mining during the fourth quarter worth $27,000. RMG Wealth Management LLC acquired a new position in shares of Aris Mining in the first quarter valued at about $30,000. Global Retirement Partners LLC bought a new position in Aris Mining during the fourth quarter worth about $37,000. PNC Financial Services Group Inc. acquired a new stake in Aris Mining in the 1st quarter worth about $45,000. Finally, Geneos Wealth Management Inc. acquired a new stake in Aris Mining in the 1st quarter worth about $46,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

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.