Bullish indicating open at $55-$60, IPO prices at $37
Investing.com - BMO Capital has raised its price target on Aris Mining Corp (TSX:ARIS) to C$13.00 from C$12.50 while maintaining an Outperform rating on the stock.
The Canadian gold producer reported second-quarter 2025 gold production of 58,700 ounces, aligning with analyst expectations. BMO Capital noted this production figure was in line with their estimate of 57,700 ounces and the consensus forecast of 57,800 ounces.
With first-half 2025 production representing approximately 45% of the midpoint of the company’s full-year guidance range of 230,000-275,000 ounces, Aris Mining appears well-positioned to meet its annual targets, according to the research firm.
BMO Capital also highlighted that Aris Mining has reaffirmed its timeline for delivering the Soto Norte study and Toroparu PEA (Preliminary Economic Assessment) in the third quarter of 2025, indicating continued progress on its development projects.
The company has additionally announced the sale of its non-core Juby asset, further focusing its portfolio on primary operations and development projects.
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