BofA starts ‘gold production growth leader’ Aura Minerals with a Buy

As previously reported, BofA initiated coverage of Aura Minerals (AUGO) with a Buy rating and $40 price target Aura leads peers in gold production growth, is in the lower half of the all-in sustaining cost curve, has a solid balance sheet, is better diversified than peers with key assets located in Latin America, particularly Brazil, the analyst tells investors. Aura also has “a strong record of meeting operating guidance and delivering projects on-time and on-budget,” according to the analyst, who forecasts gold production growing by 86% from 2025 through 2027.