Aura Minerals (NASDAQ:AUGO) Earns Overweight Rating from Analysts at JPMorgan Chase & Co.

Investment analysts at JPMorgan Chase & Co. initiated coverage on shares of Aura Minerals (NASDAQ:AUGO) in a research report issued 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 suggests a potential upside of 30.03% from the company’s current price.

Several other research firms also recently weighed in on AUGO. Zacks Research downgraded Aura Minerals from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Wall Street Zen downgraded Aura Minerals from a “strong-buy” rating to a “buy” rating in a research report 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 upped their price objective on Aura Minerals from $46.60 to $52.80 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $67.60.

Aura Minerals Price Performance

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

Hedge Funds Weigh In On Aura Minerals

Hedge funds have recently made changes to their positions in the stock. Triumph Capital Management acquired a new position in shares of Aura Minerals in the fourth quarter worth approximately $25,000. Hollencrest Capital Management raised its holdings in Aura Minerals by 307.7% during the 4th quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock worth $40,000 after purchasing an additional 600 shares during the last quarter. Global Retirement Partners LLC acquired a new position in shares of Aura Minerals in the 4th quarter worth approximately $34,000. Virtus Advisers LLC lifted its position in shares of Aura Minerals by 46.4% in the 4th quarter. Virtus Advisers LLC now owns 2,635 shares of the company’s stock worth $133,000 after purchasing an additional 835 shares during the period. Finally, Quarry LP bought a new stake in shares of Aura Minerals in the 3rd quarter valued at $37,000.

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. 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.