Aura Minerals (NASDAQ:AUGO) Earns Buy Rating from Analysts at Bank of America

Key Points

• Bank of America has initiated coverage on Aura Minerals (NASDAQ:AUGO), assigning a "buy" rating and setting a price target of $40.00, indicating a potential upside of 18.66% from the current price.
• In contrast, Wall Street Zen downgraded Aura Minerals from a "strong-buy" to a "buy" rating, though the stock currently maintains an overall consensus rating of "buy."
• Aura Minerals' shares recently traded at $33.71, with a market cap of $2.79 billion and a one-year price range between $11.01 and $33.89.

Research analysts at Bank of America initiated coverage on shares of Aura Minerals (NASDAQ:AUGO - Get Free Report) in a report released on Monday, MarketBeat Ratings reports. The firm set a "buy" rating and a $40.00 price target on the stock. Bank of America's price objective would suggest a potential upside of 16.35% from the company's previous close.

Separately, Wall Street Zen cut shares of Aura Minerals from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 14th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Aura Minerals has an average rating of "Buy" and a consensus target price of $40.00.

Aura Minerals Trading Up 7.5%

Shares of AUGO stock traded up $2.41 on Monday, reaching $34.38. 916,600 shares of the stock were exchanged, compared to its average volume of 235,904. The company has a market cap of $2.84 billion and a price-to-earnings ratio of -41.93. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 2.68. Aura Minerals has a 1-year low of $11.01 and a 1-year high of $34.68.

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.