Analyst Brian Quast of BMO Capital maintained a Buy rating on Aris Mining (ARIS – Research Report), retaining the price target of C$8.00.
Brian Quast has given his Buy rating due to a combination of factors including Aris Mining’s solid financial performance and strategic expansion plans. The company’s Q4/24 financial results were in line with expectations, with adjusted earnings per share meeting the analyst’s estimates. Additionally, the Segovia project’s cash costs and all-in sustaining costs were aligned with both the analyst’s and consensus estimates, indicating effective cost management.
Furthermore, Aris Mining’s ongoing expansion efforts, particularly at the Segovia and Marmato sites, are expected to enhance production capacity significantly. The expansion at Marmato, which involves increasing the processing facility’s capacity, is projected to boost annual gold production substantially. These developments, coupled with the company’s strategic decision to internally fund critical infrastructure, suggest a promising outlook for future growth and value enhancement, supporting the Buy recommendation.
ARIS’s price has also changed slightly for the past six months – from C$6.850 to C$6.360, which is a -7.15% drop .
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