JPMorgan Maintains Overweight Rating on Aura Minerals (AUGO)
Key takeaways
- JPMorgan Maintains Overweight Rating on Aura Minerals (AUGO) Jeff Lewis Mon, June 29, 2026 at 6:13 PM GMT+7 1 min read AUGO SPCX Aura Minerals Inc.
- On June 26, 2026, JPMorgan lowered its price target on Aura Minerals Inc.
- (NASDAQ:AUGO) approved repurchase programs covering its common shares and Brazilian Depositary Receipts.
JPMorgan Maintains Overweight Rating on Aura Minerals (AUGO) Jeff Lewis Mon, June 29, 2026 at 6:13 PM GMT+7 1 min read AUGO SPCX Aura Minerals Inc. (NASDAQ:AUGO) is one of the 10 Best New Stocks to Buy Other Than Space X.
On June 26, 2026, JPMorgan lowered its price target on Aura Minerals Inc. (NASDAQ:AUGO) to $104.50 from $112 previously and kept an Overweight rating on the shares. JPMorgan said that it has updated its financial model on Aura Minerals Inc. (NASDAQ:AUGO).
On June 19, Aura Minerals Inc. (NASDAQ:AUGO) approved repurchase programs covering its common shares and Brazilian Depositary Receipts. Under the programs, Aura may repurchase up to an aggregate of $200M of its outstanding common shares and Brazilian Depositary Receipts in the open market or through privately negotiated transactions. The program runs from June 18, 2026, until the earlier of completion of the repurchase or June 18, 2027, depending on market conditions. Aura Minerals Inc. (NASDAQ:AUGO)'s board will review the programs periodically and may adjust, suspend, or discontinue them. Aura Minerals Inc. (NASDAQ:AUGO) expects to use its existing cash to fund repurchases.