02:08:29 EDT Mon 27 May 2024
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Aura Minerals Inc (4)
Symbol ORA
Shares Issued 71,827,289
Close 2022-10-26 C$ 10.13
Market Cap C$ 727,610,438
Recent Sedar Documents

Globe says new coverage rates Aura Minerals "buy"

2022-10-26 08:10 ET - In the News

The Globe and Mail reports in its Wednesday, Oct. 26, edition that Canaccord Genuity analyst Roman Rossi rates Aura Minerals "buy" in new coverage. The Globe's David Leeder writes in the Eye On Equities column that Mr. Rossi sees "significant" growth ahead for the company. Mr. Rossi set a share target of $15.50. Analysts on average target the shares at $18.25. The British Virgin Islands-based company is a Latin American mid-tier producer, owning three operating mines and five projects across Brazil, Mexico, Honduras and Colombia. Mr. Rossi says in a note: "The company currently has three operating mines (San Andres, Aranzazu and EPP) and three key projects that should translate into increased production in the next three years. Almas, Matupa and Borborema are expected to be commissioned in 2023, 2024 and 2025, respectively. Altogether, we believe that Aura could reach 475kGEO production by 2025, which could translate into $484-million (U.S.) in EBITDA based on our $1,892 (U.S.) gold price forecast. Aura has been increasing its exploratory budget over the last few years (from $8-million (U.S.) in 2018 to $25-million (U.S.) in 2022), bringing an increase in LOM."

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