Aura Minerals (NASDAQ:AUGO) Sees Large Volume Increase After Analyst Upgrade

Key Points

• Aura Minerals experienced a significant trading volume increase of 167% after Bank of America raised its price target from $40.00 to $45.00, maintaining a buy rating on the stock.
• Analysts are optimistic about the stock, with Zacks upgrading it to a "strong-buy" and Goldman Sachs initiating coverage with a price target of $46.60.
• The stock currently has a market capitalization of $3.26 billion and a consensus rating of "Buy," with a price target averaging $45.80.

Aura Minerals Inc. (NASDAQ:AUGO - Get Free Report) saw strong trading volume on Thursday after Bank of America raised their price target on the stock from $40.00 to $45.00. Bank of America currently has a buy rating on the stock. 316,770 shares changed hands during trading, an increase of 167% from the previous session's volume of 118,825 shares.The stock last traded at $39.48 and had previously closed at $39.90.

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

Aura Minerals Stock Performance

The stock has a market capitalization of $3.26 billion and a P/E ratio of -48.17. The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 2.68.

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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