Aura Minerals Inc. (NASDAQ:AUGO) Short Interest Up 579.5% in September

Aura Minerals Inc. (NASDAQ:AUGO) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 281,300 shares, a growth of 579.5% from the September 15th total of 41,400 shares. Based on an average trading volume of 284,500 shares, the short-interest ratio is currently 1.0 days. Approximately 0.8% of the shares of the stock are sold short. Approximately 0.8% of the shares of the stock are sold short. Based on an average trading volume of 284,500 shares, the short-interest ratio is currently 1.0 days.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Zacks Research raised Aura Minerals from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. Bank of America upped their target price on Aura Minerals from $40.00 to $45.00 and gave the company a “buy” rating in a report on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Aura Minerals in a report on Wednesday, October 8th. Wall Street Zen raised Aura Minerals from a “buy” rating to a “strong-buy” rating in a report on Friday, September 26th. Finally, The Goldman Sachs Group started coverage on Aura Minerals in a report on Monday, October 13th. They issued a “buy” rating and a $46.60 target price on the stock. One investment 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. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $45.80.

Hedge Funds Weigh In On Aura Minerals

A hedge fund recently bought a new stake in Aura Minerals stock. Ashoka WhiteOak Capital Pte Ltd bought a new position in shares of Aura Minerals Inc. (NASDAQ:AUGO) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,500 shares of the company’s stock, valued at approximately $874,000. Aura Minerals accounts for 0.5% of Ashoka WhiteOak Capital Pte Ltd’s holdings, making the stock its 14th biggest holding.

Aura Minerals Stock Performance

Shares of NASDAQ:AUGO opened at $36.66 on Friday. 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 52-week low of $11.19 and a 52-week high of $41.04. The firm has a market capitalization of $3.03 billion and a PE ratio of -44.71.

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.