| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 80 | 14.0x | 17.8x | Top tier | |
Growth | 98 | 96.3% | 7.1% | Top tier | |
Quality | 79 | 20.0% | 4.5% | Top tier | |
Safety | 84 | 0.1x | 2.6x | Top tier | |
Capital Return | 74 | — | 2.12% | Top tier | |
Momentum | 68 | 112.2% | 2.9% | Top tier | |
Sentiment | 24 | 1 | 3 | Bottom tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Aris Mining Corporation operates a gold portfolio comprising four assets: Segovia, Marmato, Toroparu, and Soto Norte. Production comes primarily from Segovia, while Marmato's contribution has begun to increase with expanded mining in the bulk ore zone; Toroparu and Soto Norte represent subsequent growth projects. Revenue depends on gold sales volumes and prices, and gold sales in the first half of fiscal year 2026 rose 27% year over year following the expansion of processing capacity at Segovia during fiscal year 2025.
In quarter 2 of fiscal year 2026, consolidated gold production reached 74 thousand ounces, bringing production for the first half of fiscal year 2026 to 148 thousand ounces, with Segovia remaining the largest production contributor. The company reported adjusted earnings before interest, taxes, depreciation, and amortization of $179 million for the quarter and ended the period with a cash balance of $426 million. Operations generated after-tax cash flow of $200 million in the first half of fiscal year 2026, covering capital expenditures of $196 million, while all-in sustaining margins at Segovia totaled approximately $157 million for the quarter and $356 million for the first half.
Fiscal year 2025 results show a clear expansion in scale and profitability; revenue increased to $927.7 million from $510.6 million in fiscal year 2024, and gross profit rose to $513.2 million from $195.8 million. This equates to a gross profit margin of approximately 55.3% in fiscal year 2025 versus about 38.4% in fiscal year 2024, while net income increased to $79.4 million from $23.3 million and earnings per share rose to $0.41 from $0.14. This performance combines higher gold volumes and stronger prices, according to management's explanation on the July 29, 2026 call.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus is “Buy,” with an average price target of $23.29 and a wide target range of $18 to $30. The average target matches the high of the 52-week range of $8.59–$23.29, while the highest target exceeds that level by approximately 28.8%; however, the absence of a stated price-to-earnings multiple and the wide target range make execution of the Segovia expansion and the Marmato startup critical factors in justifying this valuation.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
Revenue increased to $927.7 million in fiscal year 2025 from $510.6 million in fiscal year 2024, while gross profit rose to $513.2 million from $195.8 million. The calculated gross profit margin expanded from approximately 38.4% to about 55.3%, net income increased to $79.4 million, and earnings per share rose to $0.41. On the July 29, 2026 call, management linked the continued momentum to higher production following the Segovia expansion and stronger gold prices.
Production reached 74 thousand ounces in quarter 2 of fiscal year 2026 and 148 thousand ounces in the first half, versus annual guidance of 300–350 thousand ounces. First-half production equals a level close to 50% of the midpoint of the range, but the plan is weighted toward the second half. The increase depends on mining and haulage development at Segovia and the startup of the CIP plant at Marmato during quarter 4 of fiscal year 2026.
The bulk ore zone at Marmato increased its contribution through the existing flotation plant, while first gold from the CIP plant remains scheduled for quarter 4 of fiscal year 2026. The main decline was more than 85% complete on July 29, 2026, and mechanical installation of the SAG and ball mills had begun. The company estimates Marmato investment during fiscal year 2026 at approximately $238 million, with a gradual capacity ramp-up during fiscal year 2027.
Processing plant capacity is no longer the primary constraint following its expansion in fiscal year 2025; instead, the challenge is developing, extracting, and hauling underground ore quickly enough to fill the plant. The main shaft at El Silencio is limited to approximately 750 tonnes per day, so the company is developing a decline to the surface and a haulage circuit connecting El Silencio, Providencia, and Sandra K. Segovia capital investment reached $48 million in the first half of fiscal year 2026, and the decline is scheduled to break through to the surface in quarter 4.
The company ended quarter 2 of fiscal year 2026 with $426 million in cash, after starting the period at $472 million due to annual Colombian tax payments and investment in Segovia and Marmato. The first half generated after-tax operating cash flow of $200 million against capital expenditures of $196 million. The company expects a final Wheaton payment of $42 million in quarter 3 of fiscal year 2026, with a net funding requirement of approximately $76 million for the remaining stages of Marmato.
The stock has a “Buy” consensus and an average target of $23.29, with the lowest target at $18 and the highest at $30. The average target equals the upper end of the 52-week range of $23.29, while the $12 difference between the lowest and highest targets reflects meaningful variation in analysts' estimates. No price-to-earnings multiple is available in the data, so the valuation assessment is based on fiscal year 2025 earnings growth and the execution of production guidance and the Marmato startup during fiscal year 2026.
