Aris Mining (NYSE:ARIS) Stock Bumped Down to Strong Sell by Zacks Research

Aris Mining (NYSE:ARIS) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday, Zacks reports.

Several other equities research analysts have also commented on ARIS. Weiss Ratings raised shares of Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, September 18th. Wall Street Zen lowered shares of Aris Mining from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Aris Mining Stock Performance

Shares of Aris Mining stock opened at $15.86 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.91 and a quick ratio of 1.68. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 9.50 and a beta of 0.04. The firm’s 50-day moving average is $18.36 and its 200 day moving average is $17.83. Aris Mining has a 1 year low of $9.55 and a 1 year high of $23.29.

Aris Mining (NYSE:ARIS) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.47 earnings per share (EPS) for the quarter, beating 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%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ARIS. Engineers Gate Manager LP raised its position in shares of Aris Mining by 275.3% in the 2nd quarter. Engineers Gate Manager LP now owns 120,499 shares of the company’s stock valued at $1,797,000 after buying an additional 88,394 shares in the last quarter. Deutsche Bank AG bought a new position in shares of Aris Mining in the 2nd quarter valued at $21,321,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Aris Mining during the 1st quarter valued at $3,445,000. Cibc World Market Inc. bought a new stake in Aris Mining during the 2nd quarter worth $4,721,000. Finally, Cetera Investment Advisers acquired a new position in Aris Mining in the 1st quarter worth about $1,770,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

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.