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Aris Mining Corporation (ARIS) Fair Value & Analysis

Basic Materials · CA · Market cap C$3.9B (≈ $2.9B) · ISIN CA04040X1015

What is Aris Mining Corporation really worth?

AM Aris Mining Corporation ARIS · TO
PriceC$28.36
Fair ValueC$7.73
Upside−72.8%
Quality47/100

Below-average quality, and trading another 267% above our fair value of C$7.73.

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Strengths

Solidly profitable · 15.2% net margin
Low debt · generates free cash flow
Ranks above peers (9/13)
Wide moat 69/100

Risks

!Mixed Growth (revenue 5y +20.3 %/yr)
!Evidence only low, so the estimate is less certain
Evidence: Low Range C$5.80 – C$9.66

Fair value as of: Aug 20, 2026

From 23 valuation models · updated 16 days ago

Share price +36.7% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (C$9.66). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

C$30.90 C$2.70 Fair Value C$7.73 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range C$2.70 – C$30.90 · fair‑value band C$5.80 – C$9.66 · the C$28.36 price screens above the C$7.73 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

Aris Mining Corporation (ARIS) currently trades at C$28.36, while our model-based Fair Value estimate is C$7.73, implying the stock looks roughly 267.1% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Basic Materials sector. Bull case: the Growth Earnings group reads highest at a median of C$9.90 per share, and 0 of the 23 models we run sit above the C$28.36 price. Bear case: the Asset-Based group reads lowest at C$4.69, and 23 of the 23 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Aris Mining Corporation generated revenue of C$1.1B at a net margin of 15.2%. Revenue grew 136.5% year over year. It earns a return on equity of 12.9%. Net debt stands at C$133M. Fundamentals as of Aug 20, 2026

Our scenario range runs from C$5.80 (bear case) to C$9.66 (bull case); at C$28.36, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 10% below its 52-week high and 231% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −12% fair-value upside, at −73%, ARIS screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly C$0.8121 per share, which is 10.5 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income C$5.36 C$5.44 C$5.26 76
FCF DCF C$4.69 C$7.86 C$16.85 75
EPV C$10.42 C$12.13 C$13.59 74
All 23 models by family
DCF Models
FCF DCF C$4.69 C$7.86 C$16.85 75
5Y Revenue Exit C$4.68 C$9.12 C$17.83 68
5Y EBITDA Exit C$11.97 C$24.81 C$48.57 71
5Y P/E Exit C$4.53 C$9.73 C$16.43 68
10Y Revenue Exit C$4.47 C$9.88 C$16.09 64
10Y EBITDA Exit C$9.70 C$23.53 C$49.88 63
10Y P/E Exit C$4.55 C$9.59 C$18.25 60
Earnings-Based
Graham-Dodd C$2.63 C$18.32 C$25.70 63
Lynch FV C$5.56 C$7.94 C$10.33 61
PEG = 1.0 C$5.56 C$7.94 C$10.33 57
EPV C$10.42 C$12.13 C$13.59 74
Multiples
P/E Multiple C$4.92 C$6.57 C$8.21 63
P/S Multiple C$4.92 C$6.57 C$8.21 58
P/B Multiple C$4.92 C$6.57 C$8.21 55
EV/EBIT C$18.71 C$25.06 C$31.42 66
EV/EBITDA C$15.30 C$20.52 C$25.73 67
EV/Revenue C$4.44 C$6.50 C$8.56 53
Asset-Based
NCAV (Graham) C$3.50 C$4.69 C$6.99 54
Growth DCF
Growth DCF C$4.44 C$8.65 C$16.48 74
Rev-Margin DCF C$4.68 C$9.78 C$17.45 69
Economic Profit
Residual Income C$5.36 C$5.44 C$5.26 76
ROIC Compounder C$12.67 C$18.86 C$23.69 72
Growth Earnings
Growth-Adj P/E C$6.93 C$9.90 C$12.87 67

Widest divergence: Growth Earnings (C$9.90) versus Asset-Based (C$4.69). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 23.6
P/S ratio 2.00 P/E × margin
EPS (TTM) C$1.20 price ÷ EPS = P/E 23.6
Net margin 8.4% FY2025
Return on equity 12.9% TTM
Return on assets (EBIT) 10.7% avg 5y
More key figures
Profitability
Operating margin 47.9% TTM
Growth
Revenue (TTM) C$1.1B TTM
Revenue growth (YoY) +137% 3y avg +33.1%
EPS growth (YoY) +46.0%
Balance sheet & cash flow
Free cash flow C$69.3M FY2025
Net debt C$133M FY2025 · ≈ 1.9 yrs of FCF

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 49 · Market factors (momentum, volatility) 57

Profitability 32
Margins and returns on capital today
Quality Growth 94
Are margins and returns improving?
Cashflow 60
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 73
Price trend over the last 3–12 months (market factor)
52W Momentum 93
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Aris Mining Corporation, together with its subsidiaries, engages in the acquisition, exploration, development, and operation of gold properties in Canada, Colombia, and Guyana. It also explores for silver and copper deposits. Aris Mining Corporation was formerly known as GCM Mining Corp. and changed its name to Aris Mining Corporation in September 2022.

Full company description

Aris Mining Corporation, together with its subsidiaries, engages in the acquisition, exploration, development, and operation of gold properties in Canada, Colombia, and Guyana. It also explores for silver and copper deposits. Aris Mining Corporation was formerly known as GCM Mining Corp. and changed its name to Aris Mining Corporation in September 2022. The company was founded in 20222 and is based in Vancouver, Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Aris Mining Corporation reported revenue of $944M in FY2025 versus $383M in FY2021, a compound +25.3%/yr. Reported net income was $79.7M in FY2025, compounding −19.1%/yr from FY2021.

Growth Quality 81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
C$944M
Latest YoY
+84.9%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+33.1%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+20.3%
Avg. revenue growth/yr (23Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+107.1%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−26.6% (−26.6 + 0.0)
Revenue +25.3%/yr
FY21 $383M
FY22 $400M
FY23 $448M
FY24 $511M
FY25 $944M
Net income −19.1%/yr
FY21 $186M
FY22 −$4.9M
FY23 $11.4M
FY24 $24.6M
FY25 $79.7M

ARIS screens 267% overvalued. Compare with Newmont Corporation →

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Cite: Fair Value Calculator (2026). "Aris Mining Corporation Fair Value". https://www.fairvalue-calculator.com/stock/ARIS

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 100
PAST51 · sector 2
HEALTH84 · sector 98
DIVIDEND0 · sector 20

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Gold stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

Stock Price Fair Value vs Fair Value
Newmont Corporation NEMCL $128.00 $112.82 −12%
Zijin Mining Group 601899 ¥32.21 ¥39.42 +22%
Agnico Eagle Mines Limited AEM C$268.76 C$213.40 −21%
Barrick Mining Corporation B $41.23 $50.66 +23%
Franco-Nevada Corporation FNV $271.31 $96.63 −64%
Wheaton Precious Metals Corp WPM C$201.40 C$56.05 −72%
AngloGold Ashanti plc AU $97.92 $88.63 −9%
Kinross Gold Corporation KGC $32.51 $34.62 +6%
Royal Gold, Inc RGLD $262.85 $93.56 −64%
Northern Star Resources Limited NST A$23.19 A$15.98 −31%

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Frequently asked questions

Is Aris Mining Corporation (ARIS) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of C$7.73 versus a price of C$28.36, about −73% upside (overvalued).
What is the fair value of ARIS?
Our model-based fair value for Aris Mining Corporation is C$7.73 (as of Aug 20, 2026), built from audited fundamentals. The current price: C$28.36.
What is the quality score of ARIS?
Aris Mining Corporation has a Quality Score of 47/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Aris Mining Corporation (ARIS)?
Aris Mining Corporation reported trailing-twelve-month revenue of about C$1.1B (latest available figure, as of Aug 20, 2026).
What is the net profit margin of ARIS?
The net profit margin of Aris Mining Corporation is about 15.2%, meaning it keeps roughly 15.2% of revenue as net income. Based on the latest reported figures.
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