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

JPMorgan Chase & Co. began coverage on shares of Aura Minerals (NASDAQ:AUGO) in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The firm set an “overweight” rating and a $105.00 price target on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 30.03% from the company’s current price.

Other equities analysts have also issued reports about the company. Zacks Research lowered Aura Minerals from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Wall Street Zen lowered shares of Aura Minerals from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Weiss Ratings reissued a “hold (c)” rating on shares of Aura Minerals in a research note on Monday, December 29th. Finally, The Goldman Sachs Group raised their price target on shares of Aura Minerals from $46.60 to $52.80 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Aura Minerals currently has an average rating of “Moderate Buy” and a consensus price target of $67.60.

Aura Minerals Price Performance

Shares of NASDAQ:AUGO opened at $80.75 on Wednesday. Aura Minerals has a 1 year low of $14.69 and a 1 year high of $81.65. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.62 and a quick ratio of 1.37. The company has a 50-day simple moving average of $61.71. The firm has a market cap of $6.67 billion and a P/E ratio of -136.86.

Hedge Funds Weigh In On Aura Minerals

Hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in Aura Minerals during the 4th quarter worth approximately $698,000. Invesco Ltd. boosted its position in shares of 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 buying an additional 186,608 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in Aura Minerals during the fourth quarter worth $10,436,000. Quadrature Capital Ltd raised its position in Aura Minerals by 497.8% in the 4th quarter. Quadrature Capital Ltd now owns 57,014 shares of the company’s stock valued at $2,874,000 after buying an additional 47,477 shares during the last quarter. Finally, Millennium Management LLC raised its position 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.