BMO Capital Markets on Wednesday maintained its outperform rating on the shares of Aris Mining (ARIS.TO) and its C$18.00 price target after the company released third-quarter production results.

"ARIS has pre-reported Q3/25 gold production of ~73.2koz, which was in line with our estimate of ~72.5koz, but beat consensus expectations of 66.7koz. ARIS has reiterated 2025 production guidance of 230-275koz, as they have produced ~186.7koz year to date, representing ~74% of the mid-point. We believe the company is in a strong position to exceed the mid-point of guidance due to the continued ramp up at Segovia, which is tracking in line with expectations. We maintain our Outperform rating and target price of C$18.00," 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: 15.05, Change: +0.59, Percent Change: +4.08