NAS10026,816−5.70%S&P7,430−3.37%GOLD$4,105+0.80%BTC$75,995−5.48%VIX25.68+54.61%latest tape · as of 16:02 UTC
The Screen · Basic Materials · Gold
Aris Mining Corporation
ARIS · the NYSE · USD · Market cap $3.2B · 3,578 employees
Aris Mining Corporation, together with its subsidiaries, engages in the acquisition, exploration, development, and operation of gold properties in Canada, Colombia, and Guyana.
Positioning no disclosures inside 60 days, left as found
Options put/call open interest 1.46, read 2026-11-05
Ethical passes the values gate
Price15.72 USD
Fair valueUnder review
Ethical score70.0/100
Our investment reviews on this name
2026-11-01Read Markdown14.43+8.9% to today Distribution gives way to Markdown after a 17% slide in 2 weeks
2026-10-18Read Distribution17.36-9.4% to today ✓Markdown gives way to Distribution
2026-10-11Read Markdown17.66-11.0% to today ✓Distribution gives way to Markdown after a 7% slide in 9 days
2026-10-02Read Distribution19.03-17.4% to today ✓Markdown gives way to Distribution first Distribution read since July
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Aris Mining Corporation holds its Distribution at $15.72. The statistical read favours the sellers, held for 77 days.
As held on the ledger · 2026-11-04
Phase
Distribution · caution
Quantitative state
The statistical read favours the sellers, held for 77 days
Price at the screen
$15.72
Valuation
11.26 trailing · 5.54 forward price to earnings
Values screen
PASS· score 70.0
Beta
2.08
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
20.96%
Below 33%
Interest-bearing debt is just 21.0% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
0.31%
Below 33%
Cash held in interest-bearing accounts and securities is 0.3% of assets, under the one-third limit.
Pass
Receivables
15.99%
Below 49%
Money owed to the company is 16.0% of assets, under the 49% limit.
Pass
Revenue purity
1.36%
Below 5%
Only 1.4% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Clears, in Plain English
Aris Mining clears all five screens. Its business is in a permissible area, its interest-bearing debt is about 21%, inside the ~33% line, and interest is about 1% of its income, under the ~5% line, so it passes.
Read as at 2026-11-05. It updates when the underlying figures move, and past reads are kept below.
Follow this verdict
Get an email when ARIS's ethical verdict changes
Today ARIS passes the screen. If new figures move it to a fail, we send you one short email with the before and after. Verdicts change rarely, so you may not hear from us for a long time.
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What the Numbers Say It Is Worth
The Fair Value Range
Fair value under review. Only one analyst covers it, too few to cross-check it; our model's value is 1.94x the price, above our 1.35x limit. We show no fair value, margin of safety or value read built on it until the review clears.
Where our models see it going: no fair-value estimate yet, range not available, dated to the 2026-11-04 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Gold miner flashes cheap multiple with cycle trap written large
Picture a Canadian outfit digging gold in Colombia and Guyana while revenue doubles in a year and the shares change hands at four times forward earnings. Aris Mining clears the ethical screen cleanly and the arithmetic shows a 35 percent gap to fair value. Those figures alone tend to stop traders in their tracks.
Yet the business sits squarely inside a cyclical industry where low multiples often mark the top of the earnings cycle rather than a bargain. Revenue growth of 136 percent and a 15 percent profit margin look impressive on paper, but gold prices and local operating conditions can reverse quickly and leave peak profits stranded. One analyst target at 37 dollars changes none of that arithmetic.
Return on equity sits at just 13 percent with no visible moat, so any downturn in metal prices or permitting would hit hard. The setup matches the classic cyclical value trap more than a durable entry point.
Another profit measure, before interest, tax and non-cash costs: EBITDA.
The risks · The things to watch: it already moves more than the market on an average day; its business and earnings are exposed to Canada and to currency swings.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
ARIS trades on the NYSE (the company is based in Canada). As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-11-01Markdown · changed$14.43-7.8%Entry 12
The framework has shifted from distribution to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 7.8% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 14% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 124%. Our forward projection puts the odds of a 10% gain over the next month near 44%.
2026-10-25Distribution$15.65-9.9%Entry 11
The analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 9.9% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is momentum reading neutral. Over the past year the shares are up 124%. Our forward projection puts the odds of a 10% gain over the next month near 44%.
The framework has shifted from markdown to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 1.7% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 14% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 124%. Our forward projection puts the odds of a 10% gain over the next month near 44%.
2026-10-11Markdown · changed$17.66-7.2%Entry 9
The framework has shifted from distribution to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 7.2% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D. Technically it is holding around 14% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 124%. Our forward projection puts the odds of a 10% gain over the next month near 44%.
The framework has shifted from markdown to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 14% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 124%. Our forward projection puts the odds of a 10% gain over the next month near 44%.
2026-09-24Markdown · changed$19.03+7.2%Entry 7
The framework has shifted from markup to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved up 7.2% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 14% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 124%. Our forward projection puts the odds of a 10% gain over the next month near 44%.
2026-08-21Markup · changed$17.75+27.3%Entry 6
The framework has shifted from distribution to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 27.3% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 14% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 124%. Our forward projection puts the odds of a 10% gain over the next month near 44%.
2026-07-21Distribution$13.94-12.3%Entry 5
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 12.3% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 14% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 124%. Our forward projection puts the odds of a 10% gain over the next month near 44%.
2026-07-18Distribution$15.89+0.0%Entry 4
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 14% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 124%. Our forward projection puts the odds of a 10% gain over the next month near 44%.
2026-07-17Distribution$15.89+0.0%Entry 3
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 14% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 124%. Our forward projection puts the odds of a 10% gain over the next month near 44%.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
