Bank of America Initiates Coverage on Aura Minerals (NASDAQ:AUGO)
Bank of America has initiated coverage on Aura Minerals (NASDAQ:AUGO), assigning a "buy" rating and a price target of $40.00, indicating a potential upside of 18.66%. The stock traded at $33.71, with a market cap of $2.79 billion. Aura Minerals has a debt-to-equity ratio of 2.68 and a PE ratio of -41.11. Despite the positive rating from Bank of America, Wall Street Zen downgraded the stock from "strong-buy" to "buy" recently. The consensus rating remains "buy" with an average target price of $40.00.
Research analysts at Bank of America assumed coverage on shares of Aura Minerals (NASDAQ:AUGO - Get Free Report) in a report released on Monday,Briefing.com Automated Import reports. The firm set a "buy" rating and a $40.00 price target on the stock. Bank of America's price objective points to a potential upside of 18.66% from the stock's current price.
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Separately, Wall Street Zen downgraded shares of Aura Minerals from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 14th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $40.00.
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Aura Minerals Price Performance
Shares of NASDAQ AUGO traded up $1.74 during mid-day trading on Monday, hitting $33.71. The company had a trading volume of 39,714 shares, compared to its average volume of 82,195. Aura Minerals has a 1 year low of $11.01 and a 1 year high of $33.89. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.83 and a current ratio of 1.12. The stock has a market cap of $2.79 billion and a PE ratio of -41.11.
Aura Minerals Company Profile
(Get Free Report)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.
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