Aris Mining Corporation

NYSEAM:ARMN Stock Report

Market Cap: US$3.3b

Aris Mining Valuation

Is ARMN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ARMN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate ARMN's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate ARMN's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ARMN?

Key metric: As ARMN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ARMN. This is calculated by dividing ARMN's market cap by their current earnings.
What is ARMN's PE Ratio?
PE Ratio66.2x
EarningsUS$49.17m
Market CapUS$3.25b

Price to Earnings Ratio vs Peers

How does ARMN's PE Ratio compare to its peers?

The above table shows the PE ratio for ARMN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19x
DRD DRDGOLD
20.2xn/aUS$2.7b
BVN Compañía de Minas BuenaventuraA
16.5x14.12%US$7.2b
CDE Coeur Mining
28.7x25.15%US$11.7b
CMCL Caledonia Mining
10.4x3.39%US$518.9m
ARMN Aris Mining
66.2x85.61%US$4.5b

Price-To-Earnings vs Peers: ARMN is expensive based on its Price-To-Earnings Ratio (66.2x) compared to the peer average (19x).

Price to Earnings Ratio vs Industry

How does ARMN's PE Ratio compare vs other companies in the US Metals and Mining Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BMXI Brookmount Explorations
0.8xn/aUS$7.20m
RMRI Rocky Mountain Industrials
0.9xn/aUS$1.76m
MDSM.F Ten Sixty Four
0.06xn/aUS$455.60k
GROO Groovy Company
0.006xn/aUS$38.40k
ARMN 66.2xIndustry Avg. 25.4xNo. of Companies7PE01632486480+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ARMN is expensive based on its Price-To-Earnings Ratio (66.2x) compared to the US Metals and Mining industry average (25.4x).

Price to Earnings Ratio vs Fair Ratio

What is ARMN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ARMN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio66.2x
Fair PE Ratio57.3x

Price-To-Earnings vs Fair Ratio: ARMN is expensive based on its Price-To-Earnings Ratio (66.2x) compared to the estimated Fair Price-To-Earnings Ratio (57.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ARMN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$15.91
US$20.43
+28.39%
6.21%US$22.41US$18.50n/a5
Dec ’26US$14.01
US$18.85
+34.52%
13.93%US$21.96US$15.23n/a5
Nov ’26US$9.88
US$16.82
+70.22%
11.31%US$19.45US$13.59n/a5
Oct ’26US$10.15
US$13.62
+34.21%
4.80%US$14.46US$12.92n/a5
Sep ’26US$8.68
US$10.55
+21.54%
12.13%US$12.15US$9.07n/a5
Aug ’26US$7.10
US$10.75
+51.37%
13.52%US$12.79US$9.11n/a5
Jul ’26US$6.80
US$10.46
+53.77%
13.73%US$12.73US$8.92n/a5
Jun ’26US$6.53
US$9.70
+48.59%
22.27%US$12.73US$6.98n/a5
May ’26US$5.32
US$9.74
+83.12%
22.32%US$12.78US$7.03n/a5
Apr ’26US$4.77
US$8.65
+81.28%
13.78%US$10.60US$7.31n/a5
Mar ’26US$3.70
US$7.73
+108.88%
23.11%US$10.41US$5.58n/a5
Feb ’26US$3.73
US$7.71
+106.82%
23.15%US$10.41US$5.55n/a5
Jan ’26US$3.50
US$7.87
+124.72%
16.19%US$9.60US$6.07n/a6
Dec ’25US$3.79
US$7.79
+105.61%
17.73%US$9.63US$6.07US$14.016
Nov ’25US$4.52
US$8.09
+78.88%
17.06%US$10.23US$6.48US$9.886
Oct ’25US$4.65
US$7.75
+66.64%
20.80%US$10.17US$5.84US$10.156
Sep ’25US$4.54
US$7.26
+59.97%
23.70%US$9.53US$5.19US$8.686
Aug ’25US$4.30
US$7.23
+68.07%
22.52%US$9.38US$5.08US$7.106
Jul ’25US$3.80
US$6.92
+82.04%
24.02%US$8.94US$5.11US$6.806
Jun ’25US$4.53
US$6.86
+51.45%
25.19%US$8.94US$4.76US$6.536
May ’25US$4.04
US$6.79
+67.95%
24.80%US$8.73US$4.74US$5.326
Apr ’25US$3.64
US$6.44
+76.79%
29.90%US$8.91US$4.32US$4.776
Mar ’25US$2.93
US$6.36
+117.23%
30.56%US$8.91US$4.30US$3.706
Feb ’25US$3.21
US$6.34
+97.65%
30.94%US$8.91US$4.30US$3.736
Jan ’25US$3.29
US$6.16
+87.55%
29.18%US$8.80US$4.20US$3.506
Dec ’24US$3.22
US$6.03
+87.14%
31.07%US$8.80US$4.20US$3.796
US$20.38
Fair Value
21.9% undervalued intrinsic discount
5
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/22 16:53
End of Day Share Price 2025/12/19 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Aris Mining Corporation is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brian QuastBMO Capital Markets Equity Research
Carey MacRuryCanaccord Genuity
Richard GrayCormark Securities Inc.