Aura Minerals Inc. (NASDAQ:AUGO) Sees Significant Increase in Short Interest

Key Points

• Aura Minerals Inc. (NASDAQ:AUGO) experienced a dramatic increase in short interest, rising by 579.5% in September, from 41,400 shares to 281,300 shares.
• Several analysts have shown increased confidence in Aura Minerals, with Zacks Research upgrading it to a "strong-buy" rating and Bank of America raising its price target from $40.00 to $45.00.
• The stock currently holds an average rating of "Buy" with an average target price of $45.80, as it seeks to deliver long-term value through responsible mining practices.

Aura Minerals Inc. (NASDAQ:AUGO - Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 281,300 shares, a growth of 579.5% from the September 15th total of 41,400 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 284,500 shares, the short-interest ratio is presently 1.0 days. Based on an average daily trading volume, of 284,500 shares, the short-interest ratio is presently 1.0 days. Currently, 0.8% of the shares of the company are short sold.

Aura Minerals Price Performance

AUGO stock opened at $39.96 on Friday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.83 and a current ratio of 1.12. Aura Minerals has a 12 month low of $11.19 and a 12 month high of $41.04. The stock has a market capitalization of $3.30 billion and a price-to-earnings ratio of -48.73.

Analyst Ratings Changes

Several equities analysts recently commented on AUGO shares. Zacks Research upgraded shares of Aura Minerals from a "hold" rating to a "strong-buy" rating in a research note on Monday. Wall Street Zen raised shares of Aura Minerals from a "buy" rating to a "strong-buy" rating in a report on Friday, September 26th. Weiss Ratings restated a "hold (c)" rating on shares of Aura Minerals in a research report on Wednesday, October 8th. The Goldman Sachs Group initiated coverage on shares of Aura Minerals in a research report on Monday. They issued a "buy" rating and a $46.60 price target for the company. Finally, Bank of America boosted their price target on Aura Minerals from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $45.80.

Aura Minerals Company Profile

We are an Americas gold and copper production company with a significant portfolio of mining operations. Our mission is to deliver long-term value by unlocking operational efficiencies, responsibly growing our portfolio with a focus on return on invested capital, responsible mining practices and a commitment to sustainability.

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