Aris Mining (NYSE:ARIS) Releases Earnings Results, Misses Expectations By $0.05 EPS

Aris Mining (NYSE:ARIS) released its quarterly earnings data on Wednesday. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.05), Zacks reports. Aris Mining had a net margin of 8.45% and a return on equity of 15.59%.

Aris Mining Price Performance

NYSE ARIS traded up $1.62 on Wednesday, reaching $18.91. 1,309,598 shares of the company’s stock traded hands, compared to its average volume of 1,836,333. The stock has a market cap of $3.90 billion, a PE ratio of 49.76 and a beta of -0.35. Aris Mining has a 12 month low of $5.53 and a 12 month high of $23.29. The stock has a 50-day simple moving average of $18.92 and a 200 day simple moving average of $16.44. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.58.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Weiss Ratings raised shares of Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, March 25th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Aris Mining in a research note on Friday, January 23rd. Finally, Zacks Research raised shares of Aris Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Aris Mining presently has a consensus rating of “Buy” and a consensus price target of $17.00.

Institutional Trading of Aris Mining

Hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC purchased a new position in shares of Aris Mining in the fourth quarter worth about $27,000. Global Retirement Partners LLC purchased a new stake in shares of Aris Mining during the fourth quarter valued at approximately $37,000. PNC Financial Services Group Inc. bought a new position in shares of Aris Mining in the fourth quarter worth approximately $45,000. Banque Cantonale Vaudoise bought a new position in shares of Aris Mining in the third quarter worth approximately $93,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its stake in shares of Aris Mining by 51.3% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 11,800 shares of the company’s stock worth $116,000 after buying an additional 4,000 shares during the period. 39.71% of the stock is owned by institutional investors.

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.