BMO Capital Markets on Tuesday reiterated its outperform rating on the shares of Aris Mining (ARIS.TO) while raising its price target to C$13.00 from an undisclosed prior level after the company released second-quarter production data.
"ARIS has pre-reported Q2/25 gold production of 58.7koz, which was in line with our and consensus expectations (BMOe 57.7koz; consensus 57.8koz). With H1/25 production representing ~45% of the mid-point of 2025 full-year 2025 guidance (230-275koz), the company is in a strong position to meet guidance. The company has also reiterated the Q3/25 timelines for the Soto Norte study and Toroparu PEA. Lastly, the company has announced the sale of its non-core asset, Juby. We maintain our Outperform rating and raise our target price to C$13.00," analyst Brian Quast wrote.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 9.45, Change: -0.32, Percent Change: -3.33
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