BMO Capital Markets on Friday maintained its outperform rating on the shares of Aris Mining (ARIS.TO) while cutting its price target to C$8.00 from an undisclosed prior level following fourth-quarter production results and 2025 guidance from the Colombian miner.
"ARIS reported Q4/24 production featuring 57.4koz which was roughly in-line with our estimate of 56.4koz and consensus of 59koz. On a full-year basis, production of 211koz met updated guidance of 205-220koz. For 2025, production guidance sees a step up to 230-27 koz; however this was somewhat disappointing as Segovia's 2025 guidance (210-250koz) was lower than previously disclosed. Additionally, cost estimates (owner mining AISC guidance of $1,450-1,600 per oz) were higher than expectations. We maintain our Outperform rating but lower our target price to $8.00," 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: 5.30, Change: +0.03, Percent Change: +0.57