Aura Minerals (NASDAQ:AUGO) Stock Price Up 5.2% – Should You Buy?

Shares of Aura Minerals Inc. (NASDAQ:AUGO) rose 5.2% on Monday . The stock traded as high as $34.19 and last traded at $34.01. 113,589 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 161,007 shares. The stock had previously closed at $32.33.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AUGO. Zacks Research raised Aura Minerals from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aura Minerals in a research note on Wednesday, October 8th. Wall Street Zen raised Aura Minerals from a “buy” rating to a “strong-buy” rating in a research note on Sunday. The Goldman Sachs Group assumed coverage on Aura Minerals in a report on Monday, October 13th. They set a “buy” rating and a $46.60 price target on the stock. Finally, Bank of America boosted their price objective on Aura Minerals from $40.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $45.80.

Aura Minerals Price Performance

The stock has a market cap of $2.77 billion and a P/E ratio of -40.91. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.12 and a quick ratio of 0.83.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AUGO. Teacher Retirement System of Texas bought a new position in shares of Aura Minerals during the 3rd quarter worth $16,744,000. U S Global Investors Inc. bought a new stake in shares of Aura Minerals during the 3rd quarter valued at about $3,721,000. North of South Capital LLP bought a new stake in shares of Aura Minerals during the 3rd quarter valued at about $3,088,000. TD Waterhouse Canada Inc. bought a new stake in shares of Aura Minerals during the 3rd quarter valued at about $1,532,000. Finally, Ashoka WhiteOak Capital Pte Ltd bought a new stake in shares of Aura Minerals during the 3rd quarter valued at about $874,000.

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.