Aura Minerals (NASDAQ:AUGO) Coverage Initiated by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of Aura Minerals (NASDAQ:AUGO) in a research report sent to investors on Wednesday, MarketBeat Ratings reports. The firm issued an overweight rating and a $105.00 target price on the stock.

A number of other research firms have also issued reports on AUGO. The Goldman Sachs Group increased their target price on Aura Minerals from $46.60 to $52.80 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Aura Minerals in a research report on Monday, December 29th. Zacks Research downgraded Aura Minerals from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Finally, Wall Street Zen lowered shares of Aura Minerals from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $67.60.

Aura Minerals Trading Up 4.9%

Shares of AUGO opened at $84.67 on Wednesday. The business has a 50-day moving average of $62.44. The stock has a market cap of $7.00 billion and a PE ratio of -143.51. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.62 and a quick ratio of 1.37. Aura Minerals has a 1-year low of $14.69 and a 1-year high of $87.24.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AUGO. Virtu Financial LLC acquired a new stake in shares of Aura Minerals in the fourth quarter worth about $698,000. Invesco Ltd. boosted its holdings in Aura Minerals by 811.4% during the fourth quarter. Invesco Ltd. now owns 209,605 shares of the company’s stock valued at $10,567,000 after acquiring an additional 186,608 shares during the period. Tudor Investment Corp ET AL acquired a new stake in shares of Aura Minerals in the fourth quarter valued at about $10,436,000. Quadrature Capital Ltd increased its stake in shares of Aura Minerals by 497.8% in the fourth quarter. Quadrature Capital Ltd now owns 57,014 shares of the company’s stock worth $2,874,000 after purchasing an additional 47,477 shares during the period. Finally, Millennium Management LLC grew its holdings in Aura Minerals by 35.3% in the 4th quarter. Millennium Management LLC now owns 132,045 shares of the company’s stock valued at $6,657,000 after buying an additional 34,456 shares during the last quarter.

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. We operate with a decentralized culture, supported by a lean corporate team that ensures agile and dynamic management and decision-making processes, focused on high operational sustainability compliance standards.