Aris Mining (NYSE:ARIS) Cut to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded Aris Mining from “Buy” to “Hold.” Despite the change, the stock retains a “Moderate Buy” consensus, with three analysts rating it Buy and one rating it Hold.
• Aris Mining reported quarterly EPS of $0.47, exceeding the $0.39 consensus estimate, on revenue of $330.23 million. Analysts expect the company to generate $2.28 in EPS for the current fiscal year.
• Institutional ownership stands at 39.71%, with major investors including VanEck, Arrowstreet Capital, and Connor Clark & Lunn acquiring significant stakes.

Aris Mining (NYSE:ARIS - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Several other brokerages have also recently commented on ARIS. Zacks Research upgraded shares of Aris Mining from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 29th. Weiss Ratings raised shares of Aris Mining from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, September 18th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Aris Mining currently has an average rating of "Moderate Buy".

Aris Mining Price Performance

Shares of NYSE ARIS opened at $17.35 on Friday. The stock has a market capitalization of $3.58 billion, a PE ratio of 12.57 and a beta of 0.04. 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 business has a fifty day moving average price of $18.54 and a two-hundred day moving average price of $17.58. Aris Mining has a fifty-two week low of $8.75 and a fifty-two week high of $23.29.

Aris Mining (NYSE:ARIS - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.08. The company had revenue of $330.23 million for the quarter. Aris Mining had a return on equity of 22.82% and a net margin of 22.43%. As a group, equities analysts predict that Aris Mining will post 2.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aris Mining

A number of hedge funds have recently modified their holdings of ARIS. Van ECK Associates Corp bought a new stake in shares of Aris Mining in the second quarter worth $225,425,000. Arrowstreet Capital Limited Partnership acquired a new position in Aris Mining during the 1st quarter worth about $97,429,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Aris Mining during the 2nd quarter worth about $89,137,000. Bank of America Corp DE bought a new stake in shares of Aris Mining in the 1st quarter valued at about $33,528,000. Finally, Amundi acquired a new stake in shares of Aris Mining in the first quarter valued at about $32,743,000. Institutional investors and hedge funds own 39.71% of the company's stock.

Aris Mining Company Profile

Aris Mining Corporation is a Canadian gold mining company focused on the exploration, development, and operation of gold properties in the Americas. The company's activities include underground and open-pit mining, mineral processing, exploration, project development, and related infrastructure and operational services.

Aris Mining's principal assets are in Colombia, including the Segovia Operations in Antioquia, a high-grade underground mining and processing complex, and the Marmato Operations in Caldas.

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