Aura Minerals (NASDAQ:AUGO) Reaches New 1-Year High After Analyst Upgrade

Shares of Aura Minerals Inc. (NASDAQ:AUGO) hit a new 52-week high during mid-day trading on Monday after Wall Street Zen upgraded the stock from a buy rating to a strong-buy rating. The company traded as high as $37.43 and last traded at $37.00, with a volume of 106076 shares. The stock had previously closed at $34.65.

Separately, Bank of America began coverage on Aura Minerals in a research note on Monday, September 22nd. They set a “buy” rating and a $40.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $40.00.

Aura Minerals Stock Up 7.4%

The firm has a market cap of $3.08 billion and a price-to-earnings ratio of -45.38. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 2.68.

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.