Aura Minerals (NASDAQ:AUGO) Hits New 1-Year High - Time to Buy?

Key Points

• Aura Minerals Inc. (NASDAQ:AUGO) shares reached a new 52-week high of $34.38 during trading, with a closing price of $34.03.
• Analysts have set a consensus price target of $40.00 for the stock, with Bank of America initiating coverage with a "buy" rating.
• The company has a market capitalization of $2.85 billion and a debt-to-equity ratio of 2.68, indicating significant leverage.

Aura Minerals Inc. (NASDAQ:AUGO - Get Free Report)'s share price reached a new 52-week high on Monday . The stock traded as high as $34.38 and last traded at $34.03, with a volume of 317039 shares changing hands. The stock had previously closed at $31.97.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AUGO shares. Wall Street Zen cut shares of Aura Minerals from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 14th. Bank of America started coverage on shares of Aura Minerals in a report on Monday. They issued a "buy" rating and a $40.00 price target for the company. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $40.00.

Aura Minerals Stock Performance

The stock has a market capitalization of $2.86 billion and a P/E ratio of -42.24. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.83 and a current ratio of 1.12.

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.