Aura Minerals (NASDAQ:AUGO) Price Target Raised to $45.00

Key Points

• Bank of America has raised its price target for Aura Minerals from $40.00 to $45.00, indicating a potential upside of 12.78% based on the stock's previous close.
• Aura Minerals received multiple upgrades, including a raised rating to "strong-buy" from Zacks Research and Wall Street Zen, while maintaining an average rating of "Buy" across analysts.
• The stock has shown significant volatility, with a 1 year low of $11.19 and a high of $40.80, currently trading at approximately $39.90.

Aura Minerals (NASDAQ:AUGO - Get Free Report) had its target price increased by analysts at Bank of America from $40.00 to $45.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Bank of America's target price suggests a potential upside of 12.78% from the company's previous close.

Several other equities research analysts have also recently commented on the company. Zacks Research raised Aura Minerals from a "hold" rating to a "strong-buy" rating in a research note on Monday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Aura Minerals in a research note on Wednesday, October 8th. Wall Street Zen raised Aura Minerals from a "buy" rating to a "strong-buy" rating in a report on Friday, September 26th. Finally, The Goldman Sachs Group started coverage on Aura Minerals in a report on Monday. They set a "buy" rating and a $46.60 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Aura Minerals presently has an average rating of "Buy" and a consensus price target of $45.80.

Aura Minerals Stock Performance

Shares of AUGO opened at $39.90 on Thursday. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 2.68. Aura Minerals has a 1 year low of $11.19 and a 1 year high of $40.80. The stock has a market cap of $3.30 billion and a PE ratio of -48.66.

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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