Aura Minerals (NASDAQ:AUGO) Reaches New 52-Week High on Analyst Upgrade

Key Points

• Aura Minerals Inc. shares hit a new 52-week high of $37.43 following an upgrade from Wall Street Zen, moving from a buy to a strong-buy rating.
• Bank of America initiated coverage on Aura Minerals with a "buy" rating and set a price target of $40.00.
• The company currently has a market cap of $3.06 billion and a debt-to-equity ratio of 2.68, indicating financial leverage concerns.

Aura Minerals Inc. (NASDAQ:AUGO - Get Free Report) shares reached a new 52-week high on Monday after Wall Street Zen upgraded the stock from a buy rating to a strong-buy rating. The stock traded as high as $37.43 and last traded at $37.00, with a volume of 106076 shares changing hands. The stock had previously closed at $34.65.

Separately, Bank of America assumed coverage on shares of Aura Minerals in a research note on Monday, September 22nd. They issued a "buy" rating and a $40.00 price target for the company. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $40.00.

Aura Minerals Price Performance

The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 2.68. The company has a market cap of $3.06 billion and a price-to-earnings ratio of -45.12.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.