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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.