BMO Capital Raises Aris Mining (ARMN) Price Target to C$13 Due to Strong Performance

Reported 1 day ago

BMO Capital has increased its price target for Aris Mining Corporation (ARMN) from C$12.50 to C$13.00, maintaining an Outperform rating, following the company’s strong second-quarter output of 58,700 ounces, aligning closely with BMO's estimates. With 45% of its annual production goals met in the first half, Aris Mining is on track for a successful year and is also focusing on development projects while selling non-core assets.

Source: YAHOO

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