JPMorgan revised its financial model for Aura Minerals, lowering the price target while maintaining a positive outlook on the stock.
JPMorgan reduced its price target for Aura Minerals Inc. (NASDAQ:AUGO) to $104.50 from $112, while retaining an Overweight rating on the shares. The adjustment follows an update to the bank’s financial model for the gold and copper producer.
Aura Minerals recently approved a $200M share repurchase program, covering common shares and Brazilian Depositary Receipts. The program runs from June 18, 2026, to June 18, 2027, and will be funded using existing cash reserves. The company’s board may adjust or suspend the repurchases based on market conditions.