Bank of America Increases Aura Minerals (NASDAQ:AUGO) Price Target to $45.00

Aura Minerals (NASDAQ:AUGO) had its price target hoisted by investment analysts at Bank of America from $40.00 to $45.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s price target points to a potential upside of 22.75% from the stock’s previous close.

A number of other brokerages also recently weighed in on AUGO. Zacks Research raised Aura Minerals from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Aura Minerals in a research note on Wednesday, October 8th. Wall Street Zen raised Aura Minerals from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 26th. Finally, The Goldman Sachs Group initiated coverage on Aura Minerals in a research note on Monday. They issued a “buy” rating and a $46.60 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Aura Minerals currently has an average rating of “Buy” and an average target price of $45.80.

Aura Minerals Price Performance

Shares of AUGO stock opened at $36.66 on Thursday. 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 has a twelve month low of $11.19 and a twelve month high of $41.04. The company has a market capitalization of $3.03 billion and a P/E ratio of -44.71.

Institutional Trading of Aura Minerals

A hedge fund recently bought a new stake in Aura Minerals stock. Ashoka WhiteOak Capital Pte Ltd bought a new stake in Aura Minerals Inc. (NASDAQ:AUGO) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 23,500 shares of the company’s stock, valued at approximately $874,000. Aura Minerals comprises about 0.5% of Ashoka WhiteOak Capital Pte Ltd’s holdings, making the stock its 14th biggest position.

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.