Aura Minerals (NASDAQ:AUGO) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• Aura Minerals Inc. experienced a significant increase in trading volume, with approximately 226,495 shares traded, representing a 123% rise from the previous session.
• Recent analyst ratings show a positive outlook for Aura Minerals, with Wall Street Zen upgrading their rating to "strong-buy" and Bank of America setting a price target of $40.00.
• The company's current stock price is $36.61, with a market capitalization of $3.06 billion and an average consensus rating of "Buy".

Shares of Aura Minerals Inc. (NASDAQ:AUGO - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 226,495 shares changed hands during trading, an increase of 123% from the previous session's volume of 101,742 shares.The stock last traded at $36.61 and had previously closed at $37.21.

Wall Street Analysts Forecast Growth

AUGO has been the subject of a number of recent research reports. Wall Street Zen raised shares of Aura Minerals from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 26th. Bank of America started coverage on shares of Aura Minerals in a research report on Monday, September 22nd. They set a "buy" rating and a $40.00 price objective for the company. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Aura Minerals has a consensus rating of "Buy" and an average target price of $40.00.

Aura Minerals Stock Down 0.6%

The company has a market capitalization of $3.06 billion and a price-to-earnings ratio of -45.12. 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.

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.