11:27 AM EST, 11/21/2025 (MT Newswires) -- BMO Capital Markets on Friday raised Aris Mining's ( ARMN ) price target to C$21.50 while maintaining its outperform rating.

The company recently announced an agreement with Mubadala to acquire the remaining 49% interest in the Soto Norte project in Colombia for total consideration of US$80 million.

The transaction includes the termination of the stream previously granted to Mubadala, BMO said.

BMO believes the deal value represents a significant discount, as its previous estimates valued Mubadala's interest at US$1.3 billion

The transaction, accompanied by Aris' growth pipeline, positions the company to become a 1 million-ounce-per-year gold producer.

Aris' share price rose 1.8% at last look to C$16.32 on the Toronto Stock Exchange.

Price: 16.35, Change: +0.32, Percent Change: +2.00