The Globe and Mail reports in its Thursday, March 20, edition that Canaccord Genuity analyst Carey MacRury has reaffirmed his "buy" recommendation for Aris Mining. The Globe's David Leeder writes in the Eye On Equities column that Mr. MacRury jacked his share target up by $2 to $12.50. Analysts on average target the shares at $11.46. Mr. MacRury says in a note: "Our 'buy' rating is based on Aris potentially more than doubling its gold production by the end of 2026 through brownfield expansions that are permitted and funded, and coupled with an inexpensive valuation. Beyond that, the Soto Norte project provides further growth potential, in our view (a PFS for Soto Norte is expected mid-2025). Aris is trading at 0.14 times NAV vs. junior producer peers at 0.63 times and Aris remains one of our best ideas for 2025 among junior producers."
© 2025 Canjex Publishing Ltd. All rights reserved.