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Bullboard - Stock Discussion Forum Aris Mining Corp. T.ARIS

Alternate Symbol(s):  CLGDF | T.ARIS.W.A | ARMN | N.AMNG.NT.U

Aris Mining Corporation is a Canada-based company, which is primarily engaged in the acquisition, exploration, development and operation of gold properties in Colombia, Guyana and Canada. The Company operates the Segovia Operations and Marmato Mine in Colombia. The Segovia Operations are located 180 kilometers (km) northeast of Medellin in the Segovia-Remedios mining district of Antioquia... see more

TSX:ARIS - Post Discussion

Aris Mining Corp. > The train is leaving the station? $10 coming soon?
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Post by GoldTown44 on Jan 25, 2023 2:50pm

The train is leaving the station? $10 coming soon?

Noticed this... some price targets from analysts: 
 
Targets: 
 
Cormark: C$10.0 
Stifel: C$8.50 
NBF: C$5.50 
Canaccord: C$7.50 
Red Cloud: C$11.00 
Haywood: C$6.75  
 
Average: C$8.20
 
 
They are aiming for $250,000 ounces of production this year. The team is proven mine builders and is ramping things up regarding growth prospects. 
 
Gold near all-time highs. Seems like the perfect storm?
Comment by domcolumba on Jan 25, 2023 5:43pm
Red Cloud raised their price target from $11.50 to $12 on Monday with an outperform rating. Dom
Comment by domcolumba on Jan 25, 2023 5:48pm
(Currency is US$ unless noted otherwise) Closing Price (C$/sh) $4.67 Rating BUY Target (C$/sh) $12.00 Return to Target 157% 52 Week Low / High (C$/sh) CAPITALIZATION Basic Diluted Shares Outstanding (M) 136.1 201.1 Market Capitalization (C$M) $635.6 Enterprise Value (C$M) $757.4 Last Reported Cash (C$M) $446.3 Last Reported Debt (C$M) $568.1 FYE: DEC 31 2021A 2022E 2023E Au Produced (000's oz) ...more  
Comment by domcolumba on Jan 25, 2023 5:57pm
Valuation: We maintain our BUY rating and increase our target price to C$12.00/sh (was C$11.50/sh). Our target is based on our fully financed, partially diluted valuation of Aris using a DCF model to arrive at our NAV5% estimate of ~C$4.6B (was ~C$4.4B). Upcoming catalysts: 1) Marmato Lower Mine development updates (ongoing), 2) Q4/22 and FY/22 financial results (Q1/23), 3) re-evaluation of ...more