Aris Mining (ARIS) AI Stock Analysis

• Market Cap: C$5.06B
• Dividend Yield: N/A
• Average Volume (3M): 1.26M
• Price to Earnings (P/E): 69.8
• Beta (1Y): 1.64
• Revenue Growth: 62.92%
• EPS Growth: N/A
• Country: CA
• Employees: 2,081
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): 0.50
• Shares Outstanding: 202,700,000
• 10 Day Avg. Volume: 1,122,997
• 30 Day Avg. Volume: 1,258,213
• PEG Ratio: 0.25
• Price to Book (P/B): 0.66
• Price to Sales (P/S): 1.04
• P/FCF Ratio: -13.19
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$22.25
• Price Target Upside: -10.82% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: C$26.00 ▲(4.21% Upside)

Aris Mining's overall stock score is driven by strong financial performance and positive earnings call insights, highlighting robust growth and operational efficiency. However, technical indicators suggest the stock may be overbought, and a high P/E ratio indicates potential overvaluation, which could limit further upside.

Positive Factors

Free cash flow strength

Very strong free cash flow growth (128.56%) and efficient operating cash conversion indicate durable internal funding capacity. This supports funding large project capex, sustaining operations, and reducing reliance on equity markets or costly external financing over the next 2–6 months.

Operational margins

Robust EBIT and EBITDA margins demonstrate durable operational efficiency and cost control in mining operations. High margins provide a buffer against commodity price swings and support reinvestment into high-return projects, underpinning sustainable cash generation and project economics.

Project pipeline and consolidation

Advancing Marmato and completing studies for Soto Norte and Toroparu create a multi-asset growth pipeline. Projecting first Marmato pour in H2 2026 and progressing Soto Norte studies strengthens medium-term production visibility and supports sustained reserve-driven growth.

Negative Factors

Weak net profitability

Very low net profit margin (0.79%) and modest ROE signal limited ability to convert revenue into shareholder returns. Over time this constrains retained earnings for organic growth and may require external financing for major projects, pressuring long-term return on equity.

High project capex needs

Material upfront capital requirements for Toroparu and Soto Norte create funding and execution risk. Large, near-term capex can dilute cash balances or force heavy external financing, increasing leverage and financing costs that could weigh on long-term financial flexibility.

Operational and regulatory obligations in Colombia

The settlement and multi-party Pillar Agreements impose long-term performance, compliance, and cooperative obligations with government agencies. While resolving disputes, these agreements increase dependency on state cooperation and expose operations to enforcement actions or conditional restrictions over the next decade.

Aris Mining Business Overview & Revenue Model

Company Description

Aris Mining Corporation together with its subsidiaries, engages in the acquisition, exploration, development, and operation of gold and silver properties primarily in Colombia. The company holds interests in the Segovia operations comprising the El Silencio, Providencia, and Sandra K underground mines located in Colombia. It also owns interest in the Zancudo project located in the Titiribí mining district of Antioquia. In addition, the company holds interests in the Marmato project in Colombia; Juby project located in Ontario, Canada; and Toroparu project in the western Guyana gold district. The company was formerly known as Gran Colombia Gold Corp. and changed its name to GCM Mining Corp. in November 2021. The company was formerly known as GCM Mining Corp. and changed its name to Aris Mining Corporation on September 26, 2022. Aris Mining Corporation is headquartered in Toronto, Canada.

How the Company Makes Money

Aris Mining generates revenue primarily through the extraction and sale of gold and other precious metals. The company's core revenue streams include direct sales from its mining operations, which involve processing ore to produce gold bullion and concentrate. Additionally, Aris Mining may engage in strategic partnerships with other mining companies to share resources and expertise, potentially leading to joint ventures that enhance operational efficiency and profitability. The company's revenue is further bolstered by fluctuating market prices for gold, allowing it to capitalize on favorable market conditions. Moreover, cost management initiatives and investments in technology to improve mining processes contribute to higher margins and overall financial performance.

Aris Mining Financial Statement Overview

Summary

Aris Mining demonstrates strong revenue growth and operational efficiency, as evidenced by healthy EBIT and EBITDA margins. However, profitability remains a concern with a low net profit margin and return on equity. The balance sheet shows moderate leverage, but cash flow challenges are evident with negative free cash flow growth. Overall, while the company is growing, it needs to focus on improving profitability and cash flow generation.

Income Statement

Aris Mining shows a strong revenue growth rate of 15.39% TTM, indicating positive momentum. The gross profit margin of 46.99% TTM is robust, reflecting efficient cost management. However, the net profit margin is low at 0.79% TTM, suggesting challenges in converting revenue into profit. The EBIT and EBITDA margins are healthy at 31.75% and 37.96% TTM, respectively, indicating good operational efficiency.

Balance Sheet

The debt-to-equity ratio of 0.63 TTM suggests a moderate level of leverage, which is manageable but requires monitoring. The return on equity is low at 0.62% TTM, indicating limited profitability relative to shareholder equity. The equity ratio of 42.39% TTM shows a stable capital structure, but there is room for improvement in asset utilization.

Cash Flow

The free cash flow growth rate is significantly negative at -473.76% TTM, highlighting potential cash flow challenges. The operating cash flow to net income ratio of 1.11 TTM is satisfactory, indicating that operating cash flows are covering net income. However, the free cash flow to net income ratio is negative, suggesting issues in generating free cash flow relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	767.31M	510.60M	447.67M	399.96M	382.61M	374.98M
Gross Profit	373.53M	195.84M	185.91M	204.14M	198.71M	192.20M
EBITDA	302.66M	152.23M	153.49M	166.33M	170.39M	177.38M
Net Income	48.70M	24.58M	11.42M	-4.86M	186.23M	-4.65M
Balance Sheet
Total Assets	2.39B	1.99B	1.35B	1.24B	998.38M	650.57M
Cash, Cash Equivalents and Short-Term Investments	417.47M	252.53M	194.62M	299.46M	323.56M	122.51M
Total Debt	517.34M	520.57M	382.93M	422.88M	318.07M	145.15M
Total Liabilities	977.30M	911.40M	728.22M	740.75M	519.86M	454.34M
Stockholders Equity	1.13B	798.57M	624.65M	495.89M	478.53M	153.71M
Cash Flow
Free Cash Flow	114.71M	-40.21M	-9.02M	-38.05M	17.09M	73.58M
Operating Cash Flow	326.74M	141.24M	104.70M	76.95M	80.55M	136.38M
Investing Cash Flow	-207.91M	-198.77M	-180.28M	-54.58M	-229.72M	-72.31M
Financing Cash Flow	218.29M	121.29M	-33.33M	-39.32M	359.67M	-23.61M

Aris Mining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 24.95
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ARIS, the sentiment is Positive. The current price of 24.95 is above the 20-day moving average (MA) of 22.65, above the 50-day MA of 19.54, and above the 200-day MA of 12.56, indicating a bullish trend. The MACD of 1.30 indicates Negative momentum. The RSI at 74.52 is Negative, neither overbought nor oversold. The STOCH value of 91.45 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ARIS.

Aris Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ASM	78 Outperform	C$1.46B	43.55	14.35%	―	65.77%	458.38%
GGD	74 Outperform	$1.24B	49.62	5.38%	―	104.08%	832.86%
ITR	71 Outperform	C$997.21M	46.31	15.43%	―	―	―
ARIS	69 Neutral	C$5.06B	69.75	5.13%	―	62.92%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
EDR	58 Neutral	$4.59B	-32.99	-20.46%	―	50.37%	-191.85%
ABRA	41 Neutral	C$1.90B	-34.04	-122.96%	―	―	-171.41%

Aris Mining Corporate Events

Aris Mining Lifts High-Grade Reserves and Resources at Segovia Complex

Aris Mining has reported a significant increase in mineral reserves and resources at its Segovia operation as of November 28, 2025, reinforcing the asset’s status as a high-grade, long-life gold mine. Measured and indicated resources rose 7% to 3.6 million ounces of gold and inferred resources climbed 12% to 2.9 million ounces, while proven and probable reserves grew 12% to 1.5 million ounces, net of mined depletion, underscoring successful resource conversion and sustained exploration success. The company highlighted that Segovia’s grades remain exceptionally high, with measured and indicated resources averaging 15.3 g/t gold and reserves averaging 10.7 g/t gold, and a sensitivity analysis shows the mineral resource base is largely insensitive to gold price assumptions across a wide range, pointing to robust underlying economics and supporting higher production rates following the site’s mill expansion.

The most recent analyst rating on (TSE:ARIS) stock is a Hold with a C$21.50 price target. To see the full list of analyst forecasts on Aris Mining stock, see the TSE:ARIS Stock Forecast page.