Aura Minerals (NASDAQ:AUGO) Sees Large Volume Increase - Should You Buy?

Key Points

• Aura Minerals experienced a significant increase in trading volume, with 217,200 shares traded—a 57% rise from the previous session.
• Several brokerages have recently upgraded their ratings on Aura Minerals, with Bank of America raising its price target from $40.00 to $45.00 and giving it a "buy" rating.
• The stock currently has an average rating of "Buy" and an average price target of $45.80, reflecting positive sentiment from analysts.

Aura Minerals Inc. (NASDAQ:AUGO - Get Free Report) shares saw an uptick in trading volume on Wednesday . 217,200 shares traded hands during trading, an increase of 57% from the previous session's volume of 138,318 shares.The stock last traded at $31.59 and had previously closed at $33.45.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AUGO. Bank of America boosted their price target on shares of Aura Minerals from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Thursday, October 16th. Weiss Ratings reiterated a "hold (c)" rating on shares of Aura Minerals in a research note on Wednesday, October 8th. The Goldman Sachs Group began coverage on shares of Aura Minerals in a research note on Monday, October 13th. They set a "buy" rating and a $46.60 price target on the stock. Zacks Research upgraded shares of Aura Minerals from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 13th. Finally, Wall Street Zen raised shares of Aura Minerals from a "buy" rating to a "strong-buy" rating in a report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $45.80.

Aura Minerals Price Performance

The firm has a market cap of $2.65 billion and a PE ratio of -39.07. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.83 and a current ratio of 1.12.

Institutional Trading of Aura Minerals

Several institutional investors and hedge funds have recently modified their holdings of the business. U S Global Investors Inc. purchased a new stake in shares of Aura Minerals in the third quarter valued at about $3,721,000. Diversified Trust Co purchased a new stake in shares of Aura Minerals in the third quarter valued at about $216,000. Finally, Ashoka WhiteOak Capital Pte Ltd purchased a new position in shares of Aura Minerals during the third quarter valued at approximately $874,000.

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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