Aris Mining (NYSE:ARIS) Announces Earnings Results

Aris Mining (NYSE:ARIS) posted its earnings results on Wednesday. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.04), Zacks reports. Aris Mining had a return on equity of 22.43% and a net margin of 23.68%. The firm had revenue of $295.42 million during the quarter.

Aris Mining Price Performance

Shares of ARIS stock traded up $0.33 during mid-day trading on Friday, hitting $15.61. 1,595,274 shares of the stock traded hands, compared to its average volume of 1,673,221. Aris Mining has a twelve month low of $9.55 and a twelve month high of $23.29. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 10.48 and a beta of 0.18. The company’s 50-day simple moving average is $17.77 and its 200-day simple moving average is $17.76. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.68 and a current ratio of 1.91.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ARIS. Wall Street Zen downgraded Aris Mining from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. Zacks Research cut Aris Mining from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 28th. Finally, Weiss Ratings raised Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, September 18th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold”.

Aris Mining Company Profile

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.