Aris Mining (NYSE:ARIS – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.05), reports. Aris Mining had a net margin of 22.43% and a return on equity of 22.82%.
Aris Mining Price Performance
Shares of Aris Mining stock traded up $1.34 during trading on Wednesday, hitting $15.77. The stock had a trading volume of 2,888,810 shares, compared to its average volume of 1,665,054. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 11.43 and a beta of 0.18. Aris Mining has a 12 month low of $9.55 and a 12 month high of $23.29. The business’s 50-day moving average is $17.88 and its 200 day moving average is $17.77. The company has a current ratio of 1.91, a quick ratio of 1.68 and a debt-to-equity ratio of 0.26.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the company. Wall Street Zen cut Aris Mining from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. Zacks Research downgraded shares of Aris Mining from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 28th. Finally, Weiss Ratings upgraded shares of Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, September 18th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.
Get Our Latest Stock Analysis on ARIS
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.
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