ATB Cormark keeps CAD 34.00 target for Aris Mining stock

Published on 10/20/2026 at 19:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nine-month gold output reached 217.30 thousand ounces, up 16.40 percent. Aris Mining stock costs EUR 15.38 on October 20, 2026.

Analyst target and production

ATB Cormark maintained a CAD 34.00 target on October 9, 2026.
Aris Mining produced 217.30 thousand ounces in the nine months ended September 30, 2026, up 16.40 percent year over year.
Aris Mining stock costs EUR 15.38 at Lang & Schwarz on October 20, 2026 at 7:01 p.m. CEST.

ARR, CA04040Y1097, Illustration mit AI erstellt.

Aris Mining (ISIN CA04040Y1097) produced 217.30 thousand ounces of gold in the nine months ended September 30, 2026, up 16.40 percent from the same period of 2025. The company also trades at an analyst target of CAD 34.00 maintained by ATB Cormark in a report dated October 9, 2026, according to Markets Insider. Aris Mining was trading at EUR 15.38 at Lang & Schwarz on October 20, 2026 at 7:01 p.m. CEST.

Production growth meets expansion work

The preliminary third-quarter production update showed 69.30 thousand ounces, while nine-month sales reached 215.30 thousand ounces, up 14.30 percent year over year. Segovia contributed 194.40 thousand ounces in the first nine months, an 18.10 percent increase, while Marmato contributed 22.90 thousand ounces, up 4.10 percent.

Yahoo Finance reported on October 7, 2026 that Aris Mining remained on track for the lower end of its 2026 production guidance of 300,000 to 350,000 ounces. The company said the Marmato expansion remained on track for first gold from its 5,000-tonne-per-day CIP plant in the fourth quarter of 2026.

What does the target imply?

Using the TSX quote of CAD 24.24 on October 20, 2026, the CAD 34.00 target stands 40.26 percent above the share price. The target is a Canadian-dollar valuation reference and is separate from the euro quote at Lang & Schwarz.

Price position and reporting date

Aris Mining had a market capitalization of USD 3.6 billion, while its NYSE quote was USD 17.24 at 1:02 p.m. ET on October 20, 2026. The 52-week NYSE range was USD 8.75 to USD 23.29. The company is scheduled to report its full third-quarter 2026 financial and operating results on or around November 4, 2026, according to Yahoo Finance.

Comparison with peers

Aris Mining: USD 17.24 on the NYSE, market capitalization USD 3.6 billion.

Torex Gold Resources: down 1.05 percent on the TSX, P/E 8.11, market capitalization CAD 6.7 billion.

Equinox Gold: unchanged on the TSX, P/E 11.15, market capitalization CAD 18.3 billion.

Investor view

The operating comparison is constructive, but the preliminary production release also showed quarterly output below the second-quarter level of 73.70 thousand ounces. The November reporting date will provide the next detailed test of revenue, earnings and expansion execution.

The euro quote was trading at EUR 15.38 at Lang & Schwarz on October 20, 2026 at 7:01 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Aris Mining stock.