Q: Aris is not really moving up with current gold prices.
Looking to start a small position, anything to be concerned about here…..
Thanks and have a great day.
Looking to start a small position, anything to be concerned about here…..
Thanks and have a great day.
5i Research Answer:
ARIS is up 5% YTD and up 26% in 52 weeks. While it is small, has debt, and the usual small cap and sector risks, valuation is quite attractive at 10X earnings, and very strong earnings growth is expected in the next 24 months. Last year the company did miss some production numbers but we would not consider it a serious red flag really. If it can execute this year the stock could do well.