Aura Minerals Inc. (NASDAQ:AUGO) Short Interest Update

Key Points

• Aura Minerals Inc. experienced a significant 60.4% decline in short interest, dropping from 104,600 shares in August to 41,400 shares in September.
• Equities research analysts have recently upgraded Aura Minerals from a "buy" to a "strong-buy" rating, with a consensus price target set at $40.00.
• The company's stock traded at $36.84, with a market cap of $3.04 billion and a notable price-to-earnings ratio of -44.93.

Aura Minerals Inc. (NASDAQ:AUGO - Get Free Report) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 41,400 shares, a decline of 60.4% from the August 31st total of 104,600 shares. Based on an average daily volume of 219,100 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 219,100 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AUGO shares. Wall Street Zen raised shares of Aura Minerals from a "buy" rating to a "strong-buy" rating in a report on Friday, September 26th. Bank of America started coverage on shares of Aura Minerals in a report on Monday, September 22nd. They issued a "buy" rating and a $40.00 target price for the company. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Aura Minerals currently has a consensus rating of "Buy" and an average price target of $40.00.

Aura Minerals Stock Performance

Shares of NASDAQ:AUGO traded down $0.16 during midday trading on Thursday, hitting $36.84. 296,928 shares of the stock traded hands, compared to its average volume of 103,893. Aura Minerals has a one year low of $11.01 and a one year high of $37.78. The company has a market cap of $3.04 billion and a price-to-earnings ratio of -44.93. The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 2.68.

About Aura Minerals

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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